Grantee Ownership Clause Samples
The Grantee Ownership clause establishes that the grantee will retain or obtain ownership rights over certain property, intellectual property, or materials resulting from the grant. Typically, this clause specifies what types of work or assets are covered, such as inventions, data, or written reports, and may outline any exceptions or obligations regarding use or sharing. Its core function is to clarify who holds legal rights to outputs created under the grant, thereby preventing disputes and ensuring both parties understand their respective interests in the results of the funded activities.
Grantee Ownership. Grantee must deliver copies of all Work Product as directed in Exhibit A. Grantee retains ownership of all Work Product, and grants Agency an irrevocable, non-exclusive, perpetual, royalty-free license to use, to reproduce, to prepare derivative works based upon, to distribute, to perform and to display the Work Product, to authorize others to do the same on Agency’s behalf, and to sublicense the Work Product to other entities without restriction.