Acknowledgment of Ownership. Licensee acknowledges that, as between Licensee and Licensor, Licensor owns and will retain all right, title, and interest in and to the Licensed Intellectual Property. All use by Licensee or any sublicensee of the Licensed Intellectual Property, and all goodwill accruing therefrom, will inure solely to the benefit of Licensor. All improvements to the Licensed Intellectual Property (“Improvements”) shall be the property of Licensor and if title to such improvements does not vest in Licensor at conception or creation, then Licensee hereby assigns all such improvements to Licensor. Improvements shall constitute Licensed Intellectual Property and shall be added to Schedule A. Licensee shall promptly disclose all Improvements to Licensor.
Appears in 4 contracts
Samples: Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.)
