Common use of Developed IP Clause in Contracts

Developed IP. Unless otherwise agreed to in writing by the Parties, Voya shall own and have all right, title and interest in and to the Developed IP and BNY Mellon agrees that Developed IP that are a work of authorship shall be deemed to be created and prepared as, and shall therefore constitute, a “work made for hire” by Voya as the “author” and owner to the extent permitted by United States copyright law. Subject to Section 6.02(3), BNY Mellon hereby irrevocably assigns, transfers and conveys to Voya all of its right, title and interest in and to the Developed IP. BNY Mellon shall execute any documents (or take any other actions) as may be necessary, or as Voya may reasonably request, to perfect the ownership of Voya in the Developed IP.

Appears in 15 contracts

Samples: Services Agreement (Voya Enhanced Securitized Income Fund), Services Agreement (Voya MUTUAL FUNDS), Services Agreement (Voya Separate Portfolios Trust)

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