Common use of Transfer of Technology Ownership Clause in Contracts

Transfer of Technology Ownership. Each work of authorship constituting Supplier’s Foreground Technology is deemed to be a “work made for hire” under U.S. Copyright Law and Honeywell will be deemed the author of such work. If any such work is determined not to be a work made for hire, this article will operate as an irrevocable assignment by the author and the Supplier of all right, title and interest throughout the world in the copyright in the work, including the right to make derivatives thereof and revisions thereto. Further, to the extent that exclusive title and ownership rights in Foreground Technology does not originally vest in Honeywell, Supplier hereby irrevocably assigns, transfers, and conveys to Honeywell all right, title and interest in and to all Foreground Technology with Honeywell having the sole and exclusive right to obtain, hold and renew, in its own name or for its own benefit, patents, copyrights, registrations, or other appropriate protection. No Foreground Technology rights of any kind are reserved or retained by Supplier.

Transfer of Technology Ownership. Each work of authorship constituting SupplierSubcontractor’s Foreground Technology is deemed to be a “work made for hire” under U.S. Copyright Law and Honeywell will be deemed the author of such work. If any such work is determined not to be a work made for hire, this article will operate as an irrevocable assignment by the author and the Supplier Subcontractor of all right, title and interest throughout the world in the copyright in the work, including the right to make derivatives thereof and revisions thereto. Further, to the extent that exclusive title and ownership rights in Foreground Technology does not originally vest in Honeywell, Supplier Subcontractor hereby irrevocably assigns, transfers, and conveys to Honeywell all right, title and interest in and to all Foreground Technology with Honeywell having the sole and exclusive right to obtain, hold and renew, in its own name or for its own benefit, patents, copyrights, registrations, or other appropriate protection. No Foreground Technology rights of any kind are reserved or retained by SupplierSubcontractor.