Common use of Developed Material Clause in Contracts

Developed Material. HKE will exclusively own, and the Supplier hereby assigns to HKE on creation, all existing and future Intellectual Property Rights in and to the Developed Material. HKE grants to the Supplier a non- exclusive, non-transferable licence to use, modify and adapt the Developed Material for the sole purpose of performing its obligations under the Agreement.

Appears in 2 contracts

Sources: Supplier Agreement, Supplier’s Acceptance of the General Terms