Reservation and Limitations Clause Samples
The 'Reservation and Limitations' clause defines the specific rights or privileges that a party retains, as well as the boundaries or restrictions placed on those rights within an agreement. In practice, this clause may specify which intellectual property rights are not transferred, or outline certain uses of a product or service that are not permitted under the contract. Its core function is to clearly delineate the scope of what is granted or allowed, thereby preventing misunderstandings and protecting the interests of the party reserving those rights.
Reservation and Limitations. Except as otherwise expressly set forth in this Agreement, each Party expressly reserves all of its right, title and interest in its own Intellectual Property Rights, and no Party grants any license to the others.