Common use of Property of Each Party Clause in Contracts

Property of Each Party. Each Party acknowledges that the other Party’s Data and the other Party’s software, base data models and operating procedures for software or base data models (“Processes”) are the property of such other Party and agrees that it will do nothing inconsistent with such ownership, including preserving all intellectual property and/or proprietary rights in such other Party’s Data and Processes as provided in Section 6.

Appears in 4 contracts

Samples: Reliability Coordinator Agreement, Independent Transmission Organization Agreement, Reliability Coordinator Agreement

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