No Ownership Clause Samples
The No Ownership clause establishes that neither party gains any ownership rights in the other party’s property, intellectual property, or assets as a result of the agreement. In practice, this means that any materials, inventions, or information exchanged or used during the relationship remain the sole property of the original owner, and no transfer of title or rights occurs. This clause is essential for preventing misunderstandings or disputes over asset ownership, ensuring that collaboration or service provision does not inadvertently grant rights beyond those explicitly agreed upon.
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No Ownership. Nothing herein shall be construed as granting any Investor any right or authority to participate in the ownership, management or control of the Company.
No Ownership. The Grantee shall not possess any incidents of ownership (including, without limitation, dividend and voting rights) in shares of the Common Stock in respect of the RSUs until such RSUs have vested and been distributed to the Grantee in the form of shares of Common Stock.
No Ownership. Each RSU shall convert into one share of the Company’s common stock, $.01 par value per share (the “Common Stock”). The Grantee shall not possess any incidents of ownership (including, without limitation, dividend and voting rights) in shares of the Common Stock in respect of the RSUs until such RSUs have vested and been distributed to the Grantee in the form of shares of Common Stock.
No Ownership. As of the date of this Agreement, the Company does not own or control, directly or indirectly, any corporation, partnership, association, trust, limited liability company, joint venture or other similar entity, other than the Subsidiaries.
No Ownership. The Sellers have no right to, nor any interest in the Acquisition Credits until such time that they have been earned pursuant to the Earnout Schedule.
No Ownership. Unless and until a certificate or certificates representing Shares shall have been issued by the Company as a result of the vesting of the Performance Unit Award, the Participant shall not have any of the rights or privileges of a stockholder of the Company with respect to the Shares subject to the Performance Unit Award.
No Ownership. Any Protected Health Information provided by Covered Entity, its employees, agents, consultants or Subcontractors to Business Associate, or created, obtained, procured, Used or accessed by Business Associate on Covered Entity’s behalf, shall at all times be and remain the sole property of Covered Entity, and Business Associate shall not have or obtain any rights therein except as stated herein.
No Ownership. None of Parent, Merger Sub or any of their respective controlled Affiliated entities beneficially owns (as such term is used in Rule 13d-3 promulgated under the ▇▇▇▇ ▇▇▇) any Shares or any options, warrants or other rights to acquire Shares or other securities of, or any other economic interest (through derivatives, securities or otherwise) in the Company, except as contemplated by this Agreement or by any tender and support agreement (or similar Contract) entered into with any stockholder of the Company concurrently herewith or after the date hereof.
No Ownership. As of the date hereof, neither the Stockholder nor any of its Subsidiaries own any shares of Parent Common Stock other than the Shares owned by Holdings.
No Ownership. Other than the right to receive dividend equivalents, the Participant shall not have any rights of a stockholder with respect to the RSUs (including, without limitation, voting rights) until shares of Company Stock have been distributed to the Participant in connection with the Participant’s vested RSUs.