Developer Owner Sample Clauses
The 'Developer Owner' clause establishes who holds ownership rights over the work, code, or deliverables produced by a developer during a project. Typically, this clause clarifies whether the developer retains intellectual property rights or if those rights are transferred to the client or another party upon completion or payment. For example, it may specify that all software, documentation, and related materials created by the developer become the exclusive property of the client. The core function of this clause is to prevent disputes over intellectual property by clearly defining ownership, ensuring both parties understand their rights to use, modify, or distribute the developed work.
Developer Owner. The term “Developer Owner" or “Developer Owners” shall mean Obey Creek Ventures, LLC. individually and collectively, and any successor in title who acquires a Parcel in fee simple from a Developer Owner whereby the transferring Developer Owner expressly assigns all of its rights and obligations as Developer Owner under this Agreement to the Person acquiring the Parcel from the Developer Owner, which assignment shall be recorded in the Registry. Any other Person who acquires a Parcel in fee simple title from a Developer Owner shall be a “Parcel Owner” and not a “Developer Owner.”