Separate ownership Clause Samples
The "Separate ownership" clause establishes that certain assets, rights, or intellectual property remain the exclusive property of a specific party, even when used or developed during a collaborative relationship. In practice, this clause may specify that pre-existing materials, proprietary technology, or background intellectual property contributed by one party are not transferred or shared with the other party as part of the agreement. Its core function is to prevent disputes over ownership by clearly delineating which assets are not subject to joint ownership or transfer, thereby protecting each party's original property and interests.
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Separate ownership. It is contemplated that Riverplace II Joint Venture (the "JV") will acquire the New RiverPlace Development from TCR #520 Riverplace Limited Partnership ("TCR"). Until such acquisition occurs, and if such acquisition is never completed, this Agreement will be construed as separate agreements between FirstLink and TCR with respect to the New RiverPlace Development and FirstLink and the JV with respect to the Existing RiverPlace Development, in each case disregarding provisions that are not applicable to the portion of the Development in question. Transfer of the New RiverPlace Development from TCR to the JV may be completed without further consent or approval from FirstLink, and after such transfer is completed, this Agreement will be construed as an agreement solely between FirstLink and the JV with respect to the entire Development. If, prior to acquisition of the New RiverPlace Development by the JV, either TCR or the JV defaults under this Agreement, such default shall not affect the other of them, nor shall FirstLink be entitled to terminate this Agreement with respect to either TCR or the JV on account of a default by the other of them. The JV agrees that it will continue to allow FirstLink to use the System Site and related wiring and cabling running through the Existing RiverPlace Development to service the New RiverPlace Development even if this Agreement is terminated as between FirstLink and the JV.
Separate ownership. Except as otherwise expressly set forth herein, each party shall own, as his or her separate property free from any claim or right of the other, all the items of property, real, personal and mixed, of any kind, nature or descrip- tion and wheresoever situate, that are now in his or her name, control or possession, with full power to dispose of the same as fully and effectually in all respects and for all purposes as if unmarried.
Separate ownership. The Parties' marital residence will remain as the non-marital, separate and individual property of the (Check one) ☐ First Party ☐ Second Party during and after the marriage.
Separate ownership. Marvell retains ownership of the Marvell Integration Technology (and all Intellectual Property Rights therein) and all portions of the Integrated Gb Silicon separately developed by Marvell (and all Intellectual Property Rights therein) and Intel will retain ownership of the Intel ***** Technology (and all Intellectual Property Rights therein) and all portions of the Integrated Gb Silicon separately developed by Intel (and all Intellectual Property Rights therein).
Separate ownership. If the Creative Office Phase and the Residential Phase are owned by separate Developers:
Separate ownership