Common use of Developed Intellectual Property Clause in Contracts

Developed Intellectual Property. (a) Any and all Intellectual Property developed pursuant to the terms of this Agreement (including in the course of providing the Services and delivering the Deliverables) (Developed IP) will exclusively vest on creation in CPA Australia including all legal and beneficial ownership rights. (b) CPA Australia grants to the Supplier a non-exclusive, non-transferable, royalty free licence, with no right of sub- licence to use the Developed IP (including any modified or updated versions of the Developed IP created by the Supplier) solely for the purpose of providing the Services and Deliverables in accordance with this Agreement.

Developed Intellectual Property. (a) Any and all Intellectual Property developed pursuant to the terms of this Agreement (including in the course of providing the Services and delivering the Deliverables) (Developed IP) will exclusively vest on creation in CPA Australia including all legal and beneficial ownership rights. (b) CPA Australia grants to the Supplier a non-exclusive, non-non- transferable, royalty free licence, with no right of sub- licence licence, to use the Developed IP (including any modified or updated versions of the Developed IP created by the Supplier) solely for the purpose of providing the Services and and/or Deliverables in accordance with this the Agreement.