Ownership of Manager-Developed Securitization IP Sample Clauses

Ownership of Manager-Developed Securitization IP. All Manager-Developed Securitization IP (excluding Excepted Securitization IP Assets) shall be assigned to and thereafter owned exclusively by the Franchisor. The Manager agrees to assign and transfer, and hereby does irrevocably assign and transfer, to the Franchisor all right, title and interest to any Manager-Developed IP (excluding Excepted Securitization IP Assets) that the Manager may acquire and will take all measures necessary or appropriate to record any such assignments at the Manager’s sole cost and expense. The Franchisor and Manager expressly agree that, to the fullest extent allowed by law, any copyrightable material contained in the Manager-Developed Securitization IP shall be considered a “work made for hire,” as that term is defined in Section 101 of the United States Copyright Act, as amended. All use of the Securitization IP (excluding Excepted Securitization IP Assets) hereunder, and any goodwill related thereto or that otherwise may arise from the provision of the Services by the Manager, shall inure solely to the benefit of the Franchisor.