Common use of New Content Clause in Contracts

New Content. All rights any original content therein that is explicitly related to and/or incorporates any of the Property (which may include, without limitation, original artwork, new characters, and the like) created by or on behalf of Skybound and/or any Third Party in connection with the Articles and/or any other exploitation of the Property hereunder, including without limitation all intellectual property rights therein (the “New Content”), shall be deemed a “work made for hire” within the meaning of the United States Copyright Law, with RKL being deemed the sole author of thereof and the owner of all rights of every kind or nature whatsoever therein, whether now known or hereafter devised with the right to make all uses of such New Content throughout the universe and all changes therein as RKL deems necessary or desirable. If or to the extent the New Content is not recognized to be a “work made for hire,” then Skybound irrevocably and absolutely assigns to RKL all rights, interest and title (including without limitation all copyrights, and all renewals and extensions thereof as may exist now or in the future), in and to the New Content throughout the universe and in perpetuity. Skybound will, upon RKL’s request, execute, acknowledge and deliver to RKL any and all documents consistent with this Agreement, which RKL may reasonably deem necessary to evidence and effect all or any of RKL’s rights hereunder. Skybound irrevocably appoints RKL as Skybound’s attorney-in-fact with full power to execute, acknowledge, deliver and record in the U.S. Copyright Office or elsewhere any and all such documents that Skybound fails to execute, acknowledge and deliver within ten (10) business days from receipt of RKL’s request to do so, unless a shorter time is reasonably required by RKL. Any such assignment, transfer or conveyance shall be without other consideration than the mutual covenants and considerations of this Agreement. Skybound hereby agrees that its every use of such Property shall inure to the benefit of RKL and that Skybound shall not at any time acquire any rights in such Property by virtue of any use it may make of such Property.