Common use of Ownership of Materials Related to Services Clause in Contracts

Ownership of Materials Related to Services. The Parties agree that any materials prepared and delivered by the Company, will result in Parties jointly owning all right, title to and interest in (i) all Systems as described in the SOW Schedule and (ii) all the added features and benefits made to the Systems as defined in the SOW Schedule. The Parties shall jointly own all inventions, IPs, copyrights and distribution rights conceived solely pursuant to the Research and Development Plan. Notwithstanding the foregoing, the parties recognize that performance of the Company hereunder will require the skills of the Company and, therefore, the Company shall retain the right to use, without fee and for any purpose, such “know-how”, ideas, techniques and concepts used or developed by the Company during performance of the services of this Agreement.