Common use of Assigned IP Clause in Contracts

Assigned IP. Company hereby assigns and shall assign all of its right, title, and interest in, to, and under the Assigned IP to Transferee for use solely within the Territory. For clarity, Company’s obligation to assign shall be limited to only Assigned IP in the Territory; Company shall have no obligation nor shall this Agreement be construed to grant, assign, or transfer to Transferee any right, title, or interest in any Company IP outside of the Territory.