Common use of Introduction and Recordal Clause in Contracts

Introduction and Recordal. 2.1 The BRC owns 68.2% (SIXTY EIGHT POINT TWO PERCENT) and PRC owns 31.8% (THIRTY ONE POINT EIGHT PERCENT), respectively, of all right, title and interest in and to the Intellectual Property, including without limitation, copyright and trademarks, if any, in respect of the Establishment Survey SEM. 2.2 The Parties wish to enter into this Agreement in order to regulate the acquisition and use by the Licensee of the Establishment Survey SEM on the terms set out herein.