RIGHT TO USE AND ASSIGNMENT TO OWNER Clause Samples

The "Right to Use and Assignment to Owner" clause establishes that any intellectual property or work product created under the agreement is owned by the party designated as the owner, typically the client or commissioning party. This clause grants the owner full rights to use, modify, and exploit the work, and requires the creator or contractor to formally assign all rights, title, and interest in the work to the owner. By doing so, it ensures that the owner has clear and undisputed control over the deliverables, preventing future disputes about ownership or usage rights.
RIGHT TO USE AND ASSIGNMENT TO OWNER. At the reasonable request of LICENSEE, OWNER, in its sole discretion, will provide LICENSEE, at LICENSEE’S expense, available artwork and designs which LICENSEE can only use on LICENSED ARTICLES. LICENSEE irrevocably and in perpetuity assigns to OWNER all worldwide right, title and interest in and to any artwork, concept, design, image, model or the like (collectively “Artwork”) incorporating, in whole or in part, the PROPERTY. Without limiting and subject to the LICENSEE’S right to use such Artwork as otherwise provided for by this Agreement, OWNER has the sole and exclusive right to use, change, license or modify such Artwork, without any obligation, financial or otherwise, to LICENSEE. Artwork which qualify as a “work-made-for-hire” under applicable copyright laws in the LICENSED TERRITORY shall be considered “work-made-for-hire” and will be owned by OWNER as set forth hereinabove. If such Artwork is made by a third party for LICENSEE, LICENSEE shall obtain an assignment from such third party using SCHEDULE C (Artwork Assignment Agreement,) and shall use its best efforts to have such Artwork made as a “work-made-for-hire.” LICENSEE, at its expense, shall provide OWNER with reproducible materials of all such Artwork within thirty (30) days of OWNER’S reasonable written request. This Paragraph does not give OWNER any right, title or interest in or to the copyrights, trade dress, trademarks or other intellectual property of LICENSEE.
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Related to RIGHT TO USE AND ASSIGNMENT TO OWNER

  • Alienability and Assignment Prohibition Neither the Executive, nor the Executive's surviving spouse, nor any other beneficiary(ies) under this Executive Plan shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or the Executive's beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

  • Transfer and Assignment Party A may assign or transfer any of its rights or delegate any of its duties hereunder to any Affiliate of Party A that has a long-term issuer rating or a rating for its long term, unsecured and unsubordinated indebtedness that is equal to or better than Party A’s credit rating at the time of such assignment or transfer so long as (a) such assignee or transferee is organized under the laws of the United States or any State thereof; (b) Party B will not be required to pay to such assignee or transferee an amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) of the Agreement greater than the amount in respect of which Party B would have been required to pay Party A in the absence of such assignment or transfer; (c) Party B will not receive a payment from which an amount has been withheld or deducted on account of a Tax under Section 2(d)(i) of the Agreement in excess of that which Party A would have been required to so withhold or deduct in the absence of such assignment or transfer, unless Party A would be required to pay to Party B amounts under Section 2(d)(i)(4) of the Agreement in respect of such Tax; and (d) no Event of Default, Potential Event of Default or Termination Event will occur as a result of such assignment or transfer. Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Party A to purchase, sell, receive or deliver any Shares or other securities to or from Party B, Party A may designate any of its Affiliates to purchase, sell, receive or deliver such Shares or other securities and otherwise to perform Party A’s obligations in respect of the Transaction and any such designee may assume such obligations. Party A shall be discharged of its obligations to Party B to the extent of any such performance.

  • Assignment; Successors and Assigns; No Third Party Rights This Agreement may not be assigned by any Party hereto without the prior written consent of the other Parties hereto, and any attempted assignment shall be null and void. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. This Agreement shall be for the sole benefit of the Parties hereto, and their respective successors and permitted assigns, and is not intended, nor shall be construed, to give any Person, other than the Parties hereto and their respective successors and permitted assigns any legal or equitable right, benefit, remedy, or claim hereunder.

  • SUBLEASING AND ASSIGNMENT The Sublessee may not lease, sublease, or assign the Premises without the prior written consent of the Sublessor.

  • Licenses and Assignments Except as otherwise permitted by the Secured Debt Agreements, each Assignor hereby agrees not to divest itself of any right under any Patent or Copyright absent prior written approval of the Collateral Agent.