Common use of Ownership of Derivative Works Clause in Contracts

Ownership of Derivative Works. The Parties agree that all right, title and interest in and to all or part of the Derivative Works made by Licensee pursuant to the licenses granted in the Agreement shall be owned exclusively by Licensor. Licensee understands and agrees that such Derivative Works made by Licensee, as well as any portion thereof, shall be the sole property of Licensor from date of creation and, to the extent permitted by law, shall be considered as works made for hire under the copyright laws of the United States of America. To the extent an assignment is necessary and that this assignment cannot be made at present, Licensee agrees to assign to Licensor all of its right, title and interest in and to these Derivative Works, and any part thereof, and in and to all copyrights, patents and other proprietary rights Licensee may have in such Derivative Works.