Common use of Creation of Deliverables, Developed Software, Documentation and Other Tangibles Clause in Contracts

Creation of Deliverables, Developed Software, Documentation and Other Tangibles. Notwithstanding anything to the contrary provided herein but excluding the Service Provider Platform, all Intellectual Property rights contained in any Developed Intellectual Property and Developed Materials (or which are created by Transnet for the purposes of and in support of the provision of the Services to Transnet) shall vest with Transnet, created as part of any Project. The Service Provider hereby irrevocably assigns, transfers and conveys to Transnet without further consideration all of its right, title and interest (including Intellectual Property rights) in all such Developed Intellectual Property and Developed Materials, together with all future copyright therein (with immediate effect from the date that such copyright comes into existence). The Service Provider agrees to execute any documents or take any other actions as may reasonably be necessary, or as Transnet may reasonably request in writing, to perfect Transnet's ownership of the Intellectual Property rights in such materials.