Common use of Developed Material Clause in Contracts

Developed Material. Unless otherwise agreed by the parties in writing, DFS will own all Intellectual Property Rights in and have the sole right to use all Deliverables and other work product (including all inventions, reports, recommendations, analyses, computer programs, documentation, and data) created by BancTec Personnel for DFS under this Agreement either (a) at DFS’ request, or (b) in connection with Services other than Remittance Processing Services (collectively, “Developed Material”). Developed Material will be deemed to be ‘works made for hire’ owned by DFS. To the extent that any such Developed Material is not deemed to be a ‘work made for hire’ and the property of DFS by operation of Law, BancTec hereby irrevocably assigns, transfers and conveys to DFS, without further consideration, all of its right, title and interest (including all Intellectual Property Rights) in and to such Developed Material. BancTec agrees to execute such other documents or take such other actions as DFS may reasonably request to perfect DFS’ ownership of any Developed Material.