Ownership to the Result Clause Samples

The "Ownership to the Result" clause establishes who holds the legal rights to any outcomes, deliverables, or intellectual property produced under an agreement. Typically, this clause specifies whether the client, contractor, or another party will own the results of the work, and may outline any exceptions or conditions, such as licensing back rights or joint ownership. Its core function is to prevent disputes by clearly defining ownership, ensuring all parties understand who controls and can use the results after the contract concludes.
Ownership to the Result. 8.2.1. The legal, economical and beneficial ownership to any Result shall initially be vested in the Party hav- ing reported the Result. Each Party hereby consents to submit any Result which such Party may develop and/ or invent under this Agreement, whether alone or in collaboration with other Parties, to a Declaration of Re- ▇▇▇▇ Ownership and to transfer the Result in accordance with the decision of the Project Board. The Declaration of Result Ownership shall be understood as the process by which, following such decision by the Project Board, the full and undivided ownership and all rights, titles and interests to such Result is transferred and assigned, with- out compensation, to any designated Primary Party or group of Primary Parties. 8.2.2. The Result reported shall be on the agenda for the following meeting of the Project Board. The chairman shall establish which of the Primary Parties are interested in ownership of the Result. Should one or more Prima- ry Parties be interested in ownership of the Result, the Project Board shall decide that the Result be subject to a Declaration of Result Ownership by which the Result is transferred and assigned to the Primary Party or Pri- ▇▇▇▇ Parties choosing to become owners or co-owners. All remaining Primary Parties shall have a consideration period of 30 days, as of the date of the meeting of the Project Board, during which they are entitled to become co-owners of the Result by a written notice to the Project Manager and to the owner(s) of the Result. 8.2.3. Following a decision by the Project Board that a Result shall be subject to a Declaration of Result Own- ership, all rights, titles and interests in and to the Result, including the right to dispose of and command of such Result, shall be deemed to have been transferred and as- signed by the owner(s) to the designated Party or group of Parties. 8.2.4. The previous owner(s) hereby undertake(s) to execute relevant documents in favour of the new own- er(s) following the Declaration of Result Ownership, as the owners may reasonably require in order to secure their rights to the Results. 8.2.5. Following a Declaration of Result Ownership, the owner(s) of said Result shall grant the other Parties a licence to the Result as Background Information pursu- ant to Section 7 and it shall be noted and numbered in the list of Background Information. 8.2.6. For the avoidance of doubt, Parties not being owners of the Result shall not be entitled to use the Re- ▇▇▇▇ in a...
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Ownership to the Result. 8.2.1. The legal, economical and beneficial ownership to any Result, as well as all rights to dispose of and command of such Result, shall be vested in the Party having invented, created, developed or discovered the Result. 8.2.2. The Result reported shall at the meeting of the Project Board be submitted by the owner(s) of said Result as Background Information pursuant to Section 7.1 and it shall be noted and numbered in the list of Background Information. The owner(s) shall hereby grant each Party of the Innovation Hub who needs it for implementing the Project Plan a royalty-free license for sole use within the Project. The owner(s) also grant each Party of the Innovation Hub a license, on fair and reasonable conditions to be negotiated by the relevant Parties, for the purpose of exercising a subsequent Result which may be dependent on said Background Information. For the avoidance of doubt and unless otherwise agreed, a license for the purpose to exercise a subsequent Result shall not be interpreted as comprising a right to such use of said Background Information which is separated from the subsequent result or otherwise independent. 8.2.3. For the avoidance of doubt, Parties not being owners of the Result, or not having been granted a license therefore, shall not be entitled to use the Result. 8.2.4. When tranferring rights pertaining to Results and/or Background Information, each Party shall comply with any and all applicable legal requirements so as to not distort competition in the internal market of the European Union, specifically but not limited to compliance with state aid requirements.
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Ownership to the Result. 8.2.1. The legal, economical and beneficial ownership to any Result, as well as all rights to dispose of and command of such Result, shall be vested in the Party having invented, created, developed or discovered the Result. 8.2.2. The Result reported shall at the meeting of the Project Board be submitted by the owner(s) of said Result as Background Information pursuant to Section 7.1 and it shall be noted and numbered in the list of Background Information. The owner(s) shall hereby grant each Party who needs it for implementing the Project Plan a royalty- free license for sole use within the Project. The owner(s) also grant each Party a license, on fair and reasonable conditions to be negotiated by the relevant Parties, for the purpose of exercising a subsequent Result which may be dependent on said Background Information. For the avoidance of doubt and unless otherwise agreed, a license for the purpose to exercise a subsequent Result shall not be interpreted as comprising a right to such use of said Background Information which is separated from the subsequent result or otherwise independent. 8.2.3. For the avoidance of doubt, Parties not being owners of the Result shall not be entitled to use the Result in any other way than as granted in the Background Information licence.
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Related to Ownership to the Result

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Ownership Structure Part I of Schedule 7.1.(b) is, as of the Agreement Date, a complete and correct list of all Subsidiaries of the Parent setting forth for each such Subsidiary, (i) the jurisdiction of organization of such Subsidiary, (ii) each Person holding any Equity Interest in such Subsidiary, (iii) the nature of the Equity Interests held by each such Person, (iv) the percentage of ownership of such Subsidiary represented by such Equity Interests and (v) whether such Person is the Parent, the Borrower or a Subsidiary Guarantor. As of the Agreement Date, except as disclosed in such Schedule, (A) each of the Parent and its Subsidiaries owns, free and clear of all Liens (other than Permitted Liens of the types described in clauses (a) and (f) of the definition of “Permitted Liens” or, solely with respect to any Subsidiary that is an obligor in respect of any Nonrecourse Indebtedness, a Lien in favor of the holder of such Nonrecourse Indebtedness to secure the obligations thereunder), and has the unencumbered right to vote, all outstanding Equity Interests in each Person shown to be held by it on such Schedule, (B) all of the issued and outstanding capital stock of each such Person organized as a corporation is validly issued, fully paid and nonassessable and (C) there are no outstanding subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including, without limitation, any stockholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or outstanding securities convertible into, any additional shares of capital stock of any class, or partnership or other Equity Interests of any type in, any such Person. As of the Agreement Date, Part II of Schedule 7.1.(b) correctly sets forth all Unconsolidated Affiliates of the Parent, including the correct legal name of such Person, the type of legal entity which each such Person is, and all Equity Interests in such Person held directly or indirectly by the Parent.

  • Ownership Information The Participant hereby covenants that so long as the Participant holds any LTIP Units, at the request of the Partnership, the Participant shall disclose to the Partnership in writing such information relating to the Participant’s ownership of the LTIP Units as the Partnership reasonably believes to be necessary or desirable to ascertain in order to comply with the Code or the requirements of any other appropriate taxing authority.

  • OWNERSHIP TITLE The Licensed Software is the proprietary property of Symantec or its licensors and is protected by copyright law. Symantec and its licensors retain any and all rights, title and interest in and to the Licensed Software, including in all copies, improvements, enhancements, modifications and derivative works of the Licensed Software. Your rights to use the Licensed Software shall be limited to those expressly granted in this License Agreement. All rights not expressly granted to You are retained by Symantec and/or its licensors.

  • Ownership of Results Any interest of Contractor or its subcontractors, in the Deliverables, including any drawings, plans, specifications, blueprints, studies, reports, memoranda, computation sheets, computer files and media or other documents prepared by Contractor or its subcontractors for the purposes of this Agreement, shall become the property of and will be transmitted to City. However, unless expressly prohibited elsewhere in this Agreement, Contractor may retain and use copies for reference and as documentation of its experience and capabilities.