OWNERSHIP
Other Names: Intellectual Property • No License • No Other Rights • No Transfer of Rights, Title, or Interest
Sample Clause Language:
The Recipient agrees that it shall not receive any right, title or interest in, or any license or right to use, the Disclosing Party’s Proprietary Information or any patent, copyright, trade secret, trademark or other intellectual property rights therein, by implication or otherwise.
Source: Tetraphase Pharmaceuticals Inc. (2020, June 12). Form SC TO-T. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Ownership clauses indicate who will own any inventions, work product, and other intellectual property used or disclosed under a confidentiality or non-disclosure agreement. The sample clause here is to be used for unilateral confidentiality agreements or non-disclosure agreements. The clause expressly confirms that the Recipient will not own any right or license to the confidential information that it receives under the agreement.
Common Contracts with this Clause:
- Confidentiality Agreements
- Non-Disclosure Agreements
What you'll see with Lawgood:
Two (2) Alternative Positions
- Unilateral
- Mutual
Draft better contracts with Lawgood.