Common use of OWNERSHIP OF DELIVERABLES & INTELLECTUAL PROPERTY RIGHTS Clause in Contracts

OWNERSHIP OF DELIVERABLES & INTELLECTUAL PROPERTY RIGHTS. 5.1 Supplier hereby assigns and grants to IT One all rights and licenses necessary for IT One to access, use, transfer, and sell the Deliverables and to exercise the rights granted under the Agreement, and pass-through the same to its Affiliates and designated users, for the use and benefit of IT One and in providing services to IT One’s clients and business partners. Except with respect to any proprietary materials, programs, and documentation provided by Supplier or its suppliers and in existence prior to the services being performed under the Agreement (“Pre-Existing Materials”), all right, title and interest in the Deliverables, including all intellectual property rights, will be the exclusive property of IT One, to the extent permitted by applicable law. Supplier hereby assigns to IT One ownership of all right, title and interest in the Deliverables (excluding Pre- Existing Materials) and waives any moral rights therein.

OWNERSHIP OF DELIVERABLES & INTELLECTUAL PROPERTY RIGHTS. 5.1 Supplier hereby assigns and grants to IT One Buyer all rights and licenses necessary for IT One Buyer to access, use, transfer, and sell the Deliverables and to exercise the rights granted under the Agreement, and pass-through the same to its Affiliates and designated users, for the use and benefit of IT One Buyer and in providing services to IT OneBuyer’s clients and business partners. Except with respect to any proprietary materials, programs, and documentation provided by Supplier or its suppliers and in existence prior to the services being performed under the Agreement (“Pre-Existing Materials”), all right, title and interest in the Deliverables, including all intellectual property rights, will be the exclusive property of IT OneBuyer, to the extent permitted by applicable law. Supplier hereby assigns to IT One Buyer ownership of all right, title and interest in the Deliverables (excluding Pre- Pre-Existing Materials) and waives any moral rights therein.