VISA JOINT DEVELOPMENTS. The Company and Visa shall jointly own all Joint Developments developed by employees or contractors of the Company and employees or contractors of Visa, and, to the extent such Joint Developments are distinct from the Company Properties, on the one hand, and the Visa Properties on the other hand, each party shall be entitled to exercise all rights of ownership with respect to such Joint Developments, without any duty to account to the other party; provided that during the Term Visa will not use or permit the use of any such Joint Developments in connection with any Competitive Service.
Appears in 2 contracts
Sources: Operating Agreement (Yahoo Inc), Operating Agreement (Yahoo Inc)