Common use of Intellectual Property Rights and Licence Clause in Contracts

Intellectual Property Rights and Licence. 7.1 The copyright and all other intellectual property rights in each Client Film, will be owned by the Client, except to the extent that it contains material owned by or licensed from a third party or existing material owned by or licensed to Infocus. Except as expressly provided herein, neither party shall acquire any rights in the intellectual property of the other party as a result of this Agreement. Infocus hereby assign to you with full title guarantee the copyright and all other intellectual property rights in the Client Film together with all the footage from the Filming Day, other than any Third Party Material or existing material owned by or licensed to Infocus.