Ownership of Third Clause Samples

The "Ownership of Third" clause establishes the rights and responsibilities regarding intellectual property or assets that are owned by third parties but may be used or referenced within the agreement. Typically, this clause clarifies that any materials, technology, or content not originally created or owned by the contracting parties remain the property of their respective third-party owners, and the parties must ensure they have the necessary permissions or licenses to use such assets. This provision helps prevent disputes over unauthorized use and ensures that all parties are aware of the boundaries of ownership, thereby reducing the risk of infringement claims and promoting legal compliance.
Ownership of Third. Party software or other IPR necessary to deliver Funded Activities will remain with the relevant Third Party.
View SourceView Similar (45)
Ownership of Third. Party Programming All software procured or obtained for Buyer in performance of the IT Services set forth herein shall be the property of Buyer, consistent with the normal terms of sale of each vendor.
View Source

Related to Ownership of Third

  • Unaffiliated Third Parties Nothing herein shall impose any duty upon the Transfer Agent in connection with or make the Transfer Agent liable for the actions or omissions to act of unaffiliated third parties such as, by way of example and not limitation, airborne services, the U.S. mails and telecommunication companies, provided, if the Transfer Agent selected such company, the Transfer Agent shall have exercised due care in selecting the same.

  • Failure of Third Parties The failure of any third party including: (a) any issuer of Investments or Book-Entry Agent or other agent of an issuer; (b) any counterparty with respect to any Investment, including any issuer of exchange-traded or other futures, option, derivative or commodities contract; (c) failure of an Investment Advisor, foreign custody manager or other agent of the Fund; or (d) failure of other third parties similarly beyond the control or choice of the Custodian.