Common use of Data Rights Clause in Contracts

Data Rights. As consideration for receiving authorization to use the Service and to enable FINRA to regulate the Service, Participant does hereby deliver, transfer, and convey to FINRA all right, title, and interest, including, without limitation, all rights of copyright, in the Information and Data entered into or distributed by the Service. The delivery of such Information and Data into the Service shall be conclusively deemed to affect the transfer of all such right, title and interest to such Information and Data without further action by FINRA or Participant. Participant shall not, by act or omission, diminish or impair in any manner the acquisition, maintenance, and full enjoyment by FINRA, its licensees, transferees and assignees, of the property rights of FINRA in the Information and Data and Service. Notwithstanding anything in this Agreement to the contrary, nothing herein shall affect Participant’s intellectual property rights in the Information and Data inputted by Participant outside the Service and Participant shall be free to use and distribute the Information and Data inputted by Participant for any purpose in its sole discretion.

Data Rights. As consideration for receiving authorization to use the Service and to enable FINRA to regulate operate the Service, Participant does hereby deliver, transfer, and convey to FINRA all right, title, and interest, including, without limitation, all rights of copyright, in the Information and Data entered into or distributed by the Service. The delivery of such Information and Data into the Service shall be conclusively deemed to affect effect the transfer of all such right, title and interest to such Information and Data without further action by FINRA or Participant. Participant shall not, by act or omission, diminish or impair in any manner the acquisition, maintenance, and full enjoyment by FINRA, its licensees, transferees and assignees, of the property rights of FINRA in the Information and Data and Service. Notwithstanding anything in this Agreement to the contrary, nothing herein shall affect Participant’s intellectual property rights in the Information and Data inputted by Participant outside the Service and Participant shall be free to use and distribute the Information and Data inputted by Participant for any purpose in its sole discretion.

Data Rights. As consideration for receiving authorization to use the Service and to enable FINRA to regulate regulateoperate the Service, Participant does hereby deliver, transfer, and convey to FINRA all right, title, and interest, including, without limitation, all rights of copyright, in the Information and Data entered into or distributed by the Service. The delivery of such Information and Data into the Service shall be conclusively deemed to affect affecteffect the transfer of all such right, title and interest to such Information and Data without further action by FINRA or Participant. Participant shall not, by act or omission, diminish or impair in any manner the acquisition, maintenance, and full enjoyment by FINRA, its licensees, transferees and assignees, of the property rights of FINRA in the Information and Data and Service. Notwithstanding anything in this Agreement to the contrary, nothing herein shall affect Participant’s intellectual property rights in the Information and Data inputted by Participant outside the Service and Participant shall be free to use and distribute the Information and Data inputted by Participant for any purpose in its sole discretion.