Common use of Preexisting Materials Clause in Contracts

Preexisting Materials. Hiatus Campers retains ownership of all of its IP Rights existing as of the Effective Date or developed or acquired independently of the Product. If Hiatus Campers incorporates into the Product any other work of authorship, invention, improvement, or proprietary information, or other materials owned by Hiatus Campers or in which Hiatus Campers has an interest, Hiatus Campers will remain the sole owner of these IP Rights.