Common use of No Intellectual Property Rights Clause in Contracts

No Intellectual Property Rights. This Agreement does not convey or grant to Participant and Consultant an interest in the Database or the MLS Data but only a limited right to use and display the MLS Data revocable in accordance with the terms hereof. In the event of any claim for infringement or misappropriation of the Database or the MLS Data, all damages awarded and other awards and recoveries shall be the exclusive property of Association and all such amounts shall be paid to Association. In the event Participant and Consultant obtains possession or control of any such damages or awards, it agrees to hold all such funds as trustee in trust of the exclusive benefit of Association. License agrees that it will not challenge or take any action inconsistent with Association’ rights to the Database or the MLS Data.

No Intellectual Property Rights. This Agreement does not convey or grant to Participant and Consultant Vendor an interest in the Database or the MLS Data but only a limited right to use and display the MLS Data revocable in accordance with the terms hereof. In the event of any claim for infringement or misappropriation of the Database or the MLS Data, all damages awarded and other awards and recoveries shall be the exclusive property of Association and all such amounts shall be paid to Association. In the event Participant and Consultant Vendor obtains possession or control of any such damages or awards, it agrees to hold all such funds as trustee in trust of the exclusive benefit of Association. License Licensee agrees that it will not challenge or take any action inconsistent with Association’ rights to the Database or the MLS Data.

No Intellectual Property Rights. This Agreement does not convey or grant to Participant and Consultant an interest in the Database or the MLS Data but only a limited right to use and display the MLS Data revocable in accordance with the terms hereof. In the event of any claim for infringement or misappropriation of the Database or the MLS Data, all damages awarded awarded, and other awards and recoveries shall be the exclusive property of Association and all such amounts shall be paid to Association. In the event Participant and Consultant obtains possession or control of any such damages or awards, it agrees to hold all such funds as trustee in trust of the exclusive benefit of Association. License agrees that it will not challenge or take any action inconsistent with Association’ rights to the Database or the MLS Data.