Common use of Sole Property Clause in Contracts

Sole Property. All existing LRX intellectual property (including all aspects of 15-AU), and all intellectual property developed solely by or on behalf of LRX independent from activities pursuant to this Agreement (which must be independently verifiable), shall be and remain the sole and exclusive property of LRX. All existing MiniMed intellectual property (including all aspects of the MiniMed Products), and all intellectual property developed solely by or on behalf of MiniMed independent from activities undertaken pursuant to this Agreement (which must be independently verifiable), shall be and remain the sole and exclusive property of MiniMed.