Common use of Provider IP Clause in Contracts

Provider IP. We are and shall remain the sole owner of all rights in all documentation, modifications, im- provements, upgrades, derivative works and all other intellectual property rights in our Platform and our Services, including our trademarks and all software code developed by, for or on behalf of Us, whether existing or subsequently developed and whether or not relating to You, and all derivative works thereof (the “Provider IP”). Intellectual prop- erty rights are not transferred and You do not ac- quire any ownership or other irrevocable rights in the Platform, Software, Services or any other ser- vices provided by us. If, notwithstanding the foregoing, any intellectual property rights in our Services are acquired by You (including any new intellectual property rights), You hereby agree to assign such rights to Us as they arise (and to the extent such intellectual property rights cannot be assigned, You hereby grant Us an exclu- sive and comprehensive right and perpetual pay- ment free licence to use them). You agree to do all such things and sign all such documents as We may reasonably require in relation to the assignment of all Intellectual Property Rights to us or our licensors.