Common use of Project IP Clause in Contracts

Project IP. (a) All right, title and interest in and to the Project IP will vest solely in UNSW with effect from the date of creation, who may be required to license or assign that Project IP to the Sponsor under the terms of the Head Agreement. The Subcontractor agrees to do all things reasonably necessary (including executing any documents) to ensure that ownership of the Project IP vests in accordance with this clause and the Head Agreement.