Common use of Corel Intellectual Property Clause in Contracts

Corel Intellectual Property. Distributor acknowledges that COREL is the owner of all intellectual property, including, without limitation, patents and copyright, relating to the Software and the trade-marks used in association with the Software. Distributor shall have no rights in respect of such intellectual property, patents or copyright other than to act as a distributor of the Software and to deliver the Software subject to the XXXX. To the extent that Distributor may have any right or interest in the Web Pages, Distributor hereby sells, transfers and irrevocably assigns all such right and interest to COREL worldwide and in perpetuity. Distributor agrees that all agents, employees, sub-contractors or any individuals involved with such Web Pages and all modifications, adaptations, derivations and changes thereto, shall execute the Waiver of Moral Rights as set out in Schedule "0" attached hereto. Copies of such Waiver of Moral Rights shall be made available to COREL, upon COREL's request.