BNY Mellon Ownership Sample Clauses

BNY Mellon Ownership. (a) BNY Mellon and its licensors, subcontractors and suppliers will continue to own all of their respective right, title, and interest, including Intellectual Property Rights, in and to the BNYM System and the Proprietary Items, regardless of any participation, contributions, collaboration or other participation of the Company in or to the foregoing, and including any part of the foregoing that may be created by or on behalf of, at the direction of or pursuant to business requirements and other specifications provided by the Company, such as, but not limited to, Company Modifications. For purposes of clarification: the BNYM System and any modifications to the BNYM System or a Proprietary Item, whether or not ordered or paid for by the Company as a customization, are not intended to be and are not a “works made for hire” under Section 501 of the Copyright Act or under any other applicable law, remain proprietary to and the exclusive property of BNY Mellon and accordingly Company hereby transfers, conveys and assigns any ownership interests or intellectual property rights it may have in and to Proprietary Items to BNY Mellon. To the extent requested by BNY Mellon, Company shall cooperate with BNY Mellon, at BNY Mellon’s expense, to cause to vest in BNY Mellon any ownership interests or Intellectual Property Rights in any of the forgoing that do not automatically vest in BNY Mellon.
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