TRX Ownership Clause Samples
The TRX Ownership clause establishes who holds legal title and rights to the TRX asset referenced in the agreement. Typically, this clause specifies whether ownership transfers immediately upon execution of the contract or is contingent upon certain conditions, such as payment or delivery. For example, it may state that the seller retains ownership until full payment is received, or that the buyer assumes ownership upon delivery. The core function of this clause is to clearly define the point at which ownership changes hands, thereby reducing disputes and ensuring both parties understand their rights and obligations regarding the TRX asset.
TRX Ownership. TRX owns and shall retain all right, title and interest in and to the Intellectual Property Rights in the Services, and the Proprietary Information of TRX, including without limitation all Software, Custom Modifications, if any, source and object code, specifications, designs, processes, techniques, concepts, improvements, discoveries and inventions, including without limitation any modifications, improvements or derivative works thereof and all works of authorship created, invented, reduced to practice, authored, developed, or delivered by TRX or any third party, either solely or jointly with others, arising from this Agreement or any amendment to it, including without limitation all copies and portions thereto, whether made by or under the direction of TRX or Client (“TRX Intellectual Property”).
TRX Ownership. TRX owns and shall retain all right, title and interest in and to the Intellectual Property Rights in the Services including without limitation all (i) source and object code, (ii) specifications, designs, processes, techniques, concepts, improvements, discoveries and inventions created by or on behalf of TRX, including without limitation any modifications, improvements or derivative works thereof and all works of authorship created, invented, reduced to practice, authored, developed, or delivered by TRX or by any third-party on behalf of TRX, either solely or jointly with others, arising from this Agreement or any amendment to it, including without limitation all copies and portions thereto, whether made by or under the direction of TRX or AMEX (“TRX Intellectual Property”). Notwithstanding anything to the contrary herein, TRX Intellectual Property shall not include any AMEX Intellectual Property, which shall be deemed AMEX’s Propriety Information for purposes of this Agreement.