Common use of Ownership of Derivative Works Clause in Contracts

Ownership of Derivative Works. Schlumberger will own all right, title and interest to derivative works of the ERF Technology developed by Schlumberger’s employees and/or subcontractors, and will be free to modify, use, lease, sell or otherwise distribute any such derivative works without restriction and in any manner. Schlumberger agrees that, for the duration of the exclusive distribution rights granted in this agreement, Schlumberger agrees not to use, sell, license, sublicense, or otherwise commercialize or transfer the derivative works for use outside the Oil and Gas Sector.