Common use of BUYER OWNERSHIP Clause in Contracts

BUYER OWNERSHIP. Except as set forth in Section 24B below, Buyer shall exclusively own all right, title and interest in all results and proceeds of the services rendered by Seller hereunder (the "Services"), including without limitation, in any work of authorship, mask work, idea, design, concept, technique, invention or discovery, whether or not patentable or registerable ("Assigned Inventions"), and Seller hereby irrevocably transfers and assigns to Buyer all right, title and interest, including without limitation all IP Rights, in the Assigned Inventions. As used herein, "IP Rights" shall mean all copyrights, maskwork rights, patents and other intellectual property or proprietary rights. In addition, the Parties expressly agree to consider as works made for hire those works ordered or commissioned by Buyer which qualify as such in accordance with the copyright laws. For all of the Assigned Inventions, Seller agrees to provide documentation satisfactory to Buyer to assure the conveyance of the Assigned Inventions to Buyer. The Assigned Inventions shall be kept in confidence by Seller and shall be used only in performing this Agreement and may not be used for other purposes except upon such terms as may be agreed upon between the Parties in writing. Seller also agrees to acquire from its employees, agents and contractors, rights and covenants as to assure that Buyer shall receive the rights provided for in this Section 24A.