Common use of Ownership of the Licensed Software Clause in Contracts

Ownership of the Licensed Software. 6.1 We are the owner (or in relation to Third Party Software, an authorised licensee) of all right, title and interest in the Intellectual Property Rights in the Licensed Software. Any Feedback, inventions, customizations, enhancements, improvements, updates, derivative works and other modifications of the Licensed Software and all related Intellectual Property Rights shall automatically vest in us immediately upon creation. Where such Intellectual Property Rights do not vest automatically in us, you hereby assign free of charge, all of your right, title and interest in such Feedback and other items upon their creation to us. 6.2 For the avoidance of doubt, you disclaim all right, title and interest in the Licensed Software and any Feedback (whether in whole or in part). You irrevocably waive, to the extent permitted by applicable law, any and all claims you may now or hereafter have in any jurisdiction to so- called “moral rights” (or equivalent in any jurisdiction). You will not register any trademark, patent or copyright which uses or references any of KX’s Intellectual Property Rights.