Common use of Proprietary Intellectual Property Clause in Contracts

Proprietary Intellectual Property. For purposes of this Agreement: (a) all Intellectual Property owned by a Party or any of its Affiliates as of the Effective Date shall be deemed owned by such Party; (b) all Intellectual Property licensed to a Party or any of its Affiliates by a Third Party at any time shall be deemed, solely as between the Parties, owned by such Party; and (c) all Intellectual Property generated, conceived or reduced to practice by or for a Party or any of its Affiliates outside the scope of activities under this Agreement shall be deemed owned by such Party (collectively, such Party’s “Proprietary IP”).

Proprietary Intellectual Property. For purposes of this Agreement, as between the parties: (a) all Intellectual Property owned by a Party party or any of its Affiliates as of the Effective Date shall be deemed owned by such Partyparty; (b) all Intellectual Property licensed to a Party party or any of its Affiliates by a Third Party at any time shall be deemed, solely as between the Parties, deemed owned by such Partyparty; and (c) all Intellectual Property generated, conceived or reduced to practice by or for a Party party or any of its Affiliates outside the scope of activities under this Agreement shall be deemed owned by such Party party (collectively, such Partyparty’s “Proprietary IP”).