Ownership of Buyer Improvements Clause Samples

Ownership of Buyer Improvements. (a) The parties agree that immediately upon creation, development or discovery of any Buyer Improvements, ownership of the Buyer Improvements will vest in the Seller. (b) Irrespective of whether the Buyer obtained the Seller consent under clause 7.2, the Buyer must, at its own cost: (i) furnish the Seller with any documents and information; (ii) execute any instruments, forms or other documents; and (iii) take any other action, reasonably necessary to vest title to the Buyer Improvements in the Seller and to enable, where applicable, the Seller to be registered as the owner of the Buyer Improvements with any relevant Government Agency.