Common use of Property and Intellectual Property Clause in Contracts

Property and Intellectual Property. All specifications, materials, equipment and parts furnished or paid for by the Company shall be and remain the exclusive property of the Company. Any document or material produced by the Seller in connection with this Agreement, together with the copyright, design rights or any other intellectual property rights in the document or material, shall be the exclusive property of the Company, and the Seller assigns with full title and guarantee to the Company all such copyright, design rights and other intellectual property for no further consideration, subject only to payment of the Price. The Seller, where required by the Company, shall execute such document or do such acts or things as may be required to perfect the assignment. This provision shall survive termination or completion of the Agreement.

Property and Intellectual Property. All specifications, materials, equipment and parts furnished or paid for by the Company shall be and remain the exclusive property of the Company. Any document or material produced by the Seller Supplier in connection with this Agreement, together with the copyright, design rights or any other intellectual property rights in the document or material, shall be the exclusive property of the Company, and the Seller Supplier assigns with full title and guarantee to the Company all such copyright, design rights and other intellectual property for no further consideration, subject only to payment of the Price. The SellerSupplier, where required by the Company, shall execute such document or do such acts or things as may be required to perfect the assignment. This provision shall survive termination or completion of the Agreement.