Common use of Ownership of Data and Other Assets Clause in Contracts

Ownership of Data and Other Assets. Neither Party will acquire any right, title or interest in any software or other assets, tangible and intangible (“Assets”), that are owned or licensed by the other and used to provide the Services. All data provided by or on behalf of a Party to the other Party for the purpose of providing the Services will remain the property of the providing Party. To the extent the provision of any Service involves intellectual property, including software or patented or copyrighted material, or material constituting trade secrets, neither Party will copy, modify, reverse engineer, decompile or in any way alter any of such material, or otherwise use such material in a manner inconsistent with the terms and provisions of this Agreement, without the express written consent of the other Party.

Appears in 2 contracts

Sources: Transition Services Agreement, Transition Services Agreement (Orchard Supply Hardware Stores Corp)