Common use of Ownership and Return of Confidential Information and Other Materials Clause in Contracts

Ownership and Return of Confidential Information and Other Materials. All CI, and any “Derivatives” (as defined below), whether created by Company or Recipient, will be the property of Company, and no license or other rights to CI or “Derivatives” is granted or implied by this Agreement. For purposes of this Agreement, “Derivatives” means: (a) for copyrightable or copyrighted material, any translation, abridgment, revision or other form in which an existing work may be recast, transformed or adapted; All materials (including, without limitation, documents, drawings, papers, diskettes, tapes, models, apparatuses, sketches, designs and lists) that Company furnishes to Recipient (whether or not they contain or disclose CI) are the property of Company. Within five (5) business days after request by Company, accomplishment of the Purpose, or termination of this Agreement, whichever occurs first, Recipient will destroy or deliver to Company (i) all such Company-furnished materials and (ii) all materials in Recipient’s possession or control (even if not Company-furnished) that contain or disclose CI. Recipient will provide Company a written certification of Recipient’s compliance with its obligations under this Section 3.