Additional Ownership Rights Clause Samples
The "Additional Ownership Rights" clause defines the circumstances under which a party may obtain ownership interests beyond those originally granted in an agreement. This clause typically outlines specific conditions or events—such as the creation of derivative works, improvements, or joint developments—where additional rights to intellectual property or assets may be assigned or transferred. By clearly specifying how and when these extra rights are acquired, the clause helps prevent disputes over future ownership and ensures that both parties understand the extent of their entitlements.
Additional Ownership Rights. In addition to the ownership rights described in the Agreement, we shall own all right, title and interest in all website templates, the design and layout (including the “look and feel”) of the Site, the underlying architecture and framework of the Site, and other content or deliverables developed by us for the Site.
Additional Ownership Rights. The Department will retain title to and all ownership rights in all data and content, including multimedia or images (graphics, audio, and video), text, and the like provided by the Department (the “content”), but grants Contractor the right to access and use content for the purpose of complying with its obligations under this Contract and any applicable statement of work. The content does not include any proprietary or intellectual property rights of Contractor (a) conceived, reduced to practice, designed, created, developed, or authored by Contractor prior to, independent of or outside the scope of the Agreement, (b) developed using private funds, or (c) that form part of the Services or any other commercial offering.
Additional Ownership Rights. If a Pledgor or any of its Affiliates acquires Ownership Rights in CCL that are not subject to the security interests created by this Agreement, that Pledgor will (i) ensure that such Ownership Rights are pledged, or cause such Affiliate to pledge such Ownership Rights, in favor of CCT Shanghai as security for the Secured Obligations pursuant to an agreement substantially in the form of this Agreement and otherwise in form and substance reasonably satisfactory to the CCT Shanghai, and (ii) obtain all approvals and complete all registrations and other formalities which may be required in order to create and perfect a continuing first priority security interest in such Ownership Rights in favor of CCT Shanghai prior and superior to all other encumbrances and interests to the extent possible under PRC law.
Additional Ownership Rights. In addition to the ownership rights described in the Agreement, we shall own all right, title and interest in all website
Additional Ownership Rights. The name "▇▇▇▇▇▇*▇▇▇▇▇▇" and all permutations thereof are included in the Assets to be acquired by the Purchaser in accordance with the terms of this Agreement; provided, however, that, from and after the Closing, notwithstanding the transfer and assignment by WM and PCN of all of their rights in and to the Assets to the Purchaser, WM and/or PCN, as applicable, shall retain the right to and the Purchaser shall be deemed to have granted to the Seller a one year, royalty-free license to use the name "▇▇▇▇▇▇*▇▇▇▇▇▇" as its corporate name and in connection with any contract, agreement or document (including, without limitation, any UCC-1 Financing Statement) in effect as of the Closing Date, provided that the name shall be used in a manner which is not inconsistent with previous use.
Additional Ownership Rights. (a) The name "VERSYSS" and all permutations thereof are included in the Assets to be acquired by the Purchaser in accordance with the terms of this Agreement; provided, however, that, from and after the Closing, notwithstanding the transfer and assignment by Versyss and PCN of all of their rights in and to the Assets to the Purchaser, Versyss and/or PCN, as applicable, shall maintain with the Purchaser joint ownership in and to the name VERSYSS and all permutations thereof; provided, however, that Seller will not, and will not authorize any assignee or other third party to, use the name "VERSYSS" in connection with the sale, marketing or distribution or any product or services (other than those products and services provided to customers of the Medical Business) of or in competition with the Commercial Business. Anything contained in this Agreement to the contrary notwithstanding, from and after the Closing Date, until such time, if ever, as the Seller relinquishes its rights in and to the name VERSYSS as provided below, the Purchaser will only use such name as part of a corporate, brand or trade name which clearly, and to the reasonable satisfaction of the Seller, relates to the operation of Commercial Business, such as, by way of example only, the "VERSYSS Commercial Business" except to the extent that such name (i) appears on any written or printed document or instrument for the limited purpose of using the Commercial Business' existing supply of such documents or instruments or (ii) is incorporated into or used as a part of any software product used by any End-User or Reseller on the Closing Date.
(b) If at any time after the Closing Date, none of PCN, Versyss or their respective Affiliates use the name "VERSYSS" (whether alone or in combination with other names or words) in a substantive way in connection with the sale, licensing or marketing of any of their products for a period of twelve consecutive months, PCN and Versyss shall be conclusively deemed to have abandoned their joint ownership interest in such name and the Purchaser shall thereupon without further action of any kind become the sole owner thereof. Upon any such abandonment, PCN and Versyss shall cease all further use of the "VERSYSS" name except for: (i) de minimis temporary uses such as exhausting on-hand supplies of form documents or marketing materials that may contain a reference to such name; (ii) use as part of any products of Versyss or PCN distributed to customers or resellers p...