Common use of Owned Software Clause in Contracts

Owned Software. The current software applications used by Seller in the operation of its business are set forth on Annex 4.1(qq) (the "Software"). To the extent that any of the Software has been designed or developed by Seller's management information or development staff or by consultants on Seller's behalf, such Software is original and capable of copyright protection in the United States, and Seller has complete rights to and ownership of such Software, including possession of, or ready access to, the source code for such Software in its most recent version. No part of any such Software is an imitation or copy of, or infringes upon the software of any other person or entity, including, without limitation, rights relating to defamation, contractual rights, copyrights, trade secrets and rights of privacy or publicity. Seller has not sold, assigned, licensed, distributed or in any other way disposed of or encumbered any of the Software.