Common use of Our Property Clause in Contracts

Our Property. All tools, dies, drawings, plans, data, manufacturing aids, testing or other equipment or materials, inventions, technology, trade secrets or other proprietary information, and all intellectual property rights in the foregoing, which we furnish to you, or which is developed or acquired at our expense in the performance of work hereunder, shall be our property. You hereby assign and agree to assign to us, and to cause your employees to assign to us, in each case without additional compensation, all such property. Tangible property will be held at your risk and subject to removal at our written request (in which event you will redeliver such property to us at your expense.