In licensing agreements, the intellectual property clause explicitly argues that the only intellectual property rights that change ownership are those that are specifically authorized in the licensing clause. A licence is not a transfer, assignment or assignment, it has no influence on the property; the licensee does not own the intellectual property it owns, the licensee reserves the right to the property. The intellectual property clause contained in a license is to make it clear that the license is only about the fact that a license does not affect the ownership of the IP donor and that any goodyant existing in the IP granted or the goodwill of the agreement benefits the licensee, not the licensee (the «ownership» of the good record is the most important when obtaining the trademark license). intellectual property. Nothing in this agreement will work to transfer the intellectual property rights of one party to the other party. License grant. At the expiry or end of this agreement, [PARTY A] [PARTY B] grants an irrevocable, fully paid and unlicensed license, a global, non-exclusive license, with the right to sublicensing, any patent, copyright or other intellectual property rights related to a [PARTY B-Developed Intellectual Property, including the right to use, import, import, sell and sell products and procedures in the [PARTY B-Developed Intellectual Property] NDAs are therefore a valuable tool for businesses, as both parties can feel confident that confidential information and intellectual property are protected. Keep ownership of intellectual property under licence. [PARTY A] retains all shares and ownership of the intellectual property granted, with the exception of the rights granted to [PARTY B] in the awarding of the licensing agreement. [PARTY B] s The use of the intellectual property granted and any object of goodwill serves exclusively the usefulness of [PARTY A].
Ownership of the work product is one of the central themes of independent contracting. As a general rule, the work of an independent contractor is the property of the contractor and not the company. An exception is that it is considered a «work for rent» described in the next section. The intellectual property clause covers the ownership of all intellectual property rights related to the agreement, including the existing intellectual property of each party.