ICM Ownership Clause Samples

The ICM Ownership clause establishes the ownership rights over intellectual capital materials (ICM) created or used during the course of a project or contractual relationship. Typically, this clause specifies whether the client or the service provider retains ownership of documents, data, methodologies, or other proprietary materials developed in connection with the engagement. For example, it may state that all reports, software, or training materials produced by the provider become the property of the client upon completion. The core function of this clause is to clearly allocate intellectual property rights, thereby preventing future disputes over the use, modification, or distribution of such materials.
ICM Ownership. The Parties agree that, as between each other, ICM is the sole and exclusive owner of the ICM Process Technology. It is specifically contemplated that certain portions of any new Commercial Plants will be identical or substantially similar to ICM’s Process Technology. To the extent that the engineering and design for Commercial Plants incorporate ICM’s Process Technology, ICM will retain ownership to the intellectual property rights associated with such designs. Notwithstanding anything contained herein to the contrary, in no event shall ICM be required to license Gevo to make, use or sell ICM’s intellectual property and proprietary designs described in this Section 1.5(B), including the ICM Process Technology that do not include the Process, unless Gevo pays ICM the applicable fees described in this Agreement. In no event shall ICM be required to license to ICM Process Technology to Gevo or any third party following to termination of ICM’s exclusive rights set forth in Sections 1.1(E) or 1.2(C) for any new greenfield Commercial Plant. Additionally, there are no restrictions whatsoever with respect to ICM’s ability to make, use and sell such intellectual property and proprietary processes described in this Section 1.5(B) outside of the production of […***…].
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ICM Ownership. The Parties agree that, as between each other, ICM is the sole and exclusive owner of the ICM Background IP (including without limitation the ICM Process Technology), and (ii) ICM Confidential Information (reference Appendix II), and (iii) any improvements, modifications, enhancements, additions, revisions, extensions, upgrades, updates and derivatives to any and all of the foregoing, but specifically excluding the Gevo Background IP and any Commercial Joint IP. It is specifically contemplated that certain portions of any new Commercial Plants will be identical or substantially similar to ICM Process Technology or otherwise use ICM Background IP. To the extent that the engineering and design for Commercial Plants incorporate ICM Background IP, ICM will nonetheless retain ownership to the intellectual property rights to the ICM Background IP incorporated into such engineering and designs. Notwithstanding anything contained herein to the contrary, (a) in no event shall ICM be required to license Gevo to use, operate, maintain and modify ICM Background IP that does not include the Process, and (b) in no event shall ICM be required to license Gevo to use, operate, maintain or modify the ICM Background IP unless Gevo pays ICM the applicable fees described in this Agreement. In no event shall ICM be required to license the ICM Background IP to Gevo or any third party following the termination of ICM’s exclusive rights set forth in Sections 1.1(E) or 1.2(C) for any new […***…] Commercial Plant. Additionally, there are no restrictions whatsoever with respect to ICM’s ability to make, use and sell such intellectual property and proprietary processes described in this Section 1.5(B) outside of the production of […***…].
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ICM Ownership. The Parties agree that, as between each other, (i) ICM is and will be the sole and exclusive owner of the fully-integrated plant designs and all engineering documents created by ICM, regardless of the format or media utilized and any improvements thereon (“ICM Proprietary Rights”), and BioGold will not contest ICM’s rights therein. In the event that BioGold terminates this Agreement for cause, ICM will grant to BioGold an irrevocable, worldwide, fully paid-up right and license to make, use and sell the ICM Proprietary Rights, subject to reasonably appropriate limitations on ICM’s professional liability when the same are reused, modified, changed or otherwise incorporated in a project other than the specific project for which such design documents were created by ICM. (ii) ICM shall be sole and exclusive owner of the distributed control system (DCS) and software developed by ICM or its subcontractors for use in the operation of the MSW Processing Facilities. BioGold Development Agreement
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Related to ICM Ownership

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Joint Ownership 10 Annuitant............................................................... 10

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.

  • Customer Ownership Customer retains all right, title and interest in and to all Customer Data. Customer is responsible for the acquisition, accuracy and legality of Customer Data. These Terms do not grant PROS any ownership rights to Customer Data.