Common use of Ownership and Responsibility Clause in Contracts

Ownership and Responsibility. 8.1 TEMIC acknowledges and agrees that SMI shall own all rights, including, without limitation, all patent rights, copyrights, trade secret rights, and mask work and similar rights, in and to the wafers and other products produced by TEMIC for SMI hereunder, and in the know-how disclosed by SMI to TEMIC hereunder. TEMIC shall own all rights in and to the production process and all know-how independently developed by TEMIC and used in the manufacturing of the wafers. SMI and TEMIC acknowledge that TEMIC is acting only as a foundry.