Common use of Intellectual Properties Clause in Contracts

Intellectual Properties. 5.1 To the extent permitted by the then applicable PRC Laws and regulations, intellectual properties (including without limitation copyrights, patents, patents application rights, trademarks, technical secrets, commercial secrets and others) of working achievements created by Party A during its provision of the Services under this Agreement or developed and created by Party B based on Party A’s intellectual properties, shall belong to Party A. If it is explicitly stipulated in applicable PRC Laws and regulations that such intellectual properties shall not be owned by Party A, then such intellectual properties shall first be held by Party B, and Party A shall be granted with an exclusive permit to use such intellectual properties, which shall be transferred to Party A at the lowest price permitted by relevant laws till PRC Laws and regulations permit Party A’s such ownership; if there is no restriction on the lowest transfer price under the then relevant laws, Party B shall unconditionally approve the transfer of ownership of such intellectual properties and assist Party A in all the governmental filing, registration and other formalities regarding the change of intellectual property owner.