Common use of Ownership and Return Clause in Contracts

Ownership and Return. The Recipient acknowledges that the Supplier (or any third party entrusting its Materials to the Supplier) claims ownership of its Proprietary Materials in the possession of the Recipient. The Recipient agrees to cause its employees to execute and deliver any documents of assignment or conveyance to effectuate the ownership rights of the Supplier in Proprietary Materials. Upon the expiration or termination of this Agreement, the Recipient shall at the instruction of Supplier either destroy or return any unused Proprietary Materials.

Appears in 6 contracts

Samples: Sponsored Research Agreement (A.C.T. Holdings, Inc.), Sponsored Research Agreement (A.C.T. Holdings, Inc.), Cumirp Part Ii Agreement (Polymedix Inc)

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Ownership and Return. The Recipient acknowledges that the -------------------- Supplier (or any third party entrusting its Materials to the Supplier) claims ownership of its Proprietary Materials in the possession of the Recipient. The Recipient agrees to cause its employees to execute and deliver any documents of assignment or conveyance to effectuate the ownership rights of the Supplier in Proprietary Materials. Upon the expiration or termination of this Agreement, the Recipient shall at the instruction of Supplier either destroy or return any unused Proprietary Materials.

Appears in 1 contract

Samples: Sponsored Research Agreement (Compumed Inc)

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