Ownership and Return. The Receiving Party acknowledges that the Disclosing Party (or any third party entrusting its own information to the Disclosing Party) claims ownership of its Confidential Information in the possession of the Receiving Party. Upon the expiration or termination of this Agreement, and at the request of the Disclosing Party, the Receiving Party shall return to the Disclosing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one copy of the Confidential Information in the possession of its legal counsel solely for the purpose of monitoring its obligations under this Agreement.
Ownership and Return. The Recipient acknowledges that the Supplier (or any third party entrusting its Materials to the Supplier) claims ownership of its Proprietary Materials in the possession of the Recipient. The Recipient agrees to cause its employees to execute and deliver any documents of assignment or conveyance to effectuate the ownership rights of the Supplier in Proprietary Materials. Upon the expiration or termination of this Agreement, the Recipient shall at the instruction of Supplier either destroy or return any unused Proprietary Materials.
Ownership and Return. The disclosing Party (or a third party entrusting its information to the disclosing Party) owns its Confidential Information. Upon expiration or termination of this Agreement or at the request of the disclosing Party, the receiving Party shall return all originals, copies, and summaries of Confidential Information in its possession or control, except that legal counsel of the receiving Party may retain one (1) copy of the Confidential Information for the purpose of monitoring its obligations under this Agreement.
Ownership and Return. The supplier (or any third party entrusting its materials to the Supplier) owns its Proprietary Materials. Upon expiration or termination of this Agreement or at the request of the supplier, the recipient shall (at the instruction of supplier) either destroy or return any unused Proprietary Materials.
Ownership and Return. The Disclosing Party (or a third party entrusting its information to the disclosing Party) owns its Confidential Information. Upon expiration or termination of this Agreement or at the request of the Disclosing Party, the Receiving Party shall return all originals, copies, and summaries of Confidential Information in its possession or control, except that the Receiving Party may retain one (1) copy of the Confidential Information for the purpose of monitoring its obligations under this Agreement and such additional copies of or any computer records or files containing such Confidential Information that have been created solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use or purpose.
Ownership and Return. All Confidential Information will remain the property of the Disclosing Party, and no right or license is granted to the Recipient Party with respect to any Confidential Information. Except as explicitly noted in Section 13.3(f), nothing in this Agreement creates an agency or partnership relationship between the Parties. Upon the request of the Disclosing Party, the Recipient Party agrees to (a) immediately return to the Disclosing Party or destroy all Confidential Information, including copies of the same, and (b) destroy any memoranda, summaries, reports, documents or analyses created by the Recipient Party that contain or are based in any way on the Confidential Information. Upon the Disclosing Party’s request, the fact of any such destruction must be certified in writing to the Disclosing Party by an officer of the Recipient Party. Notwithstanding the foregoing, in the event the Recipient Party is required by federal securities laws to retain certain records, nothing herein shall prevent the Recipient Party from complying with its ordinary records retention policy, and each Recipient Party may retain Confidential Information contained or reflected in materials presented to its board of directors, to the extent required by law, or which would be unreasonably burdensome for it to destroy (such as archived computer records).
Ownership and Return. Pursuant to the Field Trial Agreement, the Field Trial System will remain the sole and exclusive property of Corvis. Following successful completion of the Field Trial pursuant to the terms and conditions of the Field Trial Agreement, Customer will pay Corvis the purchase price for the Field Trial Equipment and license and services fees for the Field Trial Software as set forth in the Field Trial Agreement (the "Field Trial System Purchase Price") within thirty (30) days after the successful completion of the Field Trial and pursuant to an invoice to be submitted by Corvis as provided in the Field Trial Agreement. If the Field Trial (i) is not successfully completed due to failure of the Field Trial System to pass the tests contained in the Field Trial Test Plan within the time specified in the Field Trial Agreement, then Customer or Corvis may terminate this Agreement upon 30 days' written notice to the other, or; (ii) is not successfully completed within the time period specified in the Field Trial Agreement due to termination by Customer for cause under Section 9 of the Field Trial Agreement, Customer may terminate this Agreement upon 30 days' written notice to Corvisor; (iii) is not successfully completed within the time period specified due to termination of the Field Trial Agreement by Corvis for cause under Section 9 of the Field Trial Agreement, Corvis may terminate this Agreement upon 30 days' written notice to Customer. It is agreed that upon payment by Customer of the Field Trial System Purchase Price, all Equipment and Software comprising the Field Trial System shall be deemed to be items purchased under this Agreement effective as of such payment date and will thereafter be covered by and subject to all the terms and conditions hereof to the same extent as if the Field Trial System had been purchased by Customer under this Agreement.
Ownership and Return. All Confidential Information shall be and remain the property of Disclosing Party, and no right or license is granted to Receiving Party with respect to any Confidential Information. No transfer or creation of ownership rights in any intellectual property comprising Confidential Information is intended or shall be inferred by the disclosure of Confidential Information by Disclosing Party, and any and all intellectual property comprising Confidential Information disclosed and any derivations thereof, shall continue to be the exclusive intellectual property of Disclosing Party. Upon the termination by a Party of the Purpose, or sooner if so requested, Receiving Party agrees to immediately return all Confidential Information to Disclosing Party or to destroy all Confidential Information, including all copies of the same in Receiving Party's possession or control however, Receiving Party shall not be required to destroy Confidential Information that has become embedded in Receiving Party’s electric plans or related materials. Upon request, the fact of any such destruction shall be certified in writing to Disclosing Party by Receiving Party. Nothing in this Agreement obligates Disclosing Party to disclose any information to Receiving Party or creates any agency or partnership relation between them.
Ownership and Return. All Confidential Information will remain the property of the Party disclosing same and no right or license is granted to any other Party with respect to any Confidential Information. Upon the termination by any Party of discussions concerning the Transaction, or sooner if so requested, all Parties agree to (a) immediately return to the other appropriate Parties all Confidential Information, including copies of the same, and (b) destroy any memoranda, summaries, reports, documents or analyses created by a Party that contain or are based in any way on the Confidential Information. Upon a Party’s request, the fact of any such destruction must be certified in writing to the other Parties.
Ownership and Return. Pursuant to the Laboratory Trial Agreement, the Laboratory System will remain the sole and exclusive property of Corvis. When and if Customer purchases $100 million in Products and Services hereunder, title to the Corvis Equipment comprising the Laboratory System will transfer to Customer. Upon successful completion of the Field Trial, Corvis will automatically grant licenses to the software comprising the Laboratory System on the terms and conditions under which Software is licensed pursuant to this Agreement. If for any reason the Field Trial is not successfully completed in accordance with the Field Trial Agreement, the Laboratory System will be returned as provided in the Laboratory Trial Agreement.
