Common use of Ownership of Application Clause in Contracts

Ownership of Application. The Application is not in the public domain. Acuity, its affiliates, and/or its licensors are the owners of all intellectual property rights, including without limitation patent, trademark, copyright, and trade secret rights, in the Application, the corresponding documentation, and the techniques and ideas embodied and expressed in the foregoing, including the structure, sequence, and organization of the Application (collectively the “Program Concepts”). You acknowledge that, except for the limited license granted hereunder, You have no rights in or to the Application, any documentation, the Program Concepts or any copies thereof.