Common use of PPD Property Clause in Contracts

PPD Property. It is acknowledged that PPD possesses certain inventions, processes, know-how, trade secrets, improvements, other intellectual properties and other assets, including but not limited to, data processes, technology, means or know-how developed by PPD which relate to data collection or data management and laboratory analyses, analytical methods, procedures and techniques, computer technical expertise and software (including codes) which have been independently developed without the benefit of any information provided by Sponsor (collective, “PPD Property”). Sponsor and PPD agree that any PPD Property or improvements thereto are the sole and exclusive property of PPD. Notwithstanding the foregoing, PPD research methodologies and computer software and codes shall not include research methodologies and computer software and codes that may be licensed to PPD from Sponsor or an agent of Sponsor as a result of a technology transfer. In any and all such instances such information shall be the confidential and exclusive property of Sponsor.