Inhouse Software Sample Clauses
The 'Inhouse Software' clause defines the ownership, use, and rights associated with software developed internally by a company or organization. Typically, this clause clarifies that any software created by employees or contractors within the scope of their work belongs to the company, and it may outline restrictions on external use or distribution. Its core practical function is to ensure that intellectual property developed in-house remains under the control of the organization, preventing disputes over ownership and unauthorized use.
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Inhouse Software. “Inhouse Software” is software developed solely by employees of Seller and owned in right, title and interest by Seller. For Inhouse Software, Buyer shall obtain a perpetual, non-exclusive, paid-up license in and to the source code and documentation (if any) to the programs and applications developed internally by Seller and described in Section 2 of Schedule 7.11 (the “Inhouse Software”). Buyer shall be free to disassemble, decompile, reverse engineer, or otherwise manipulate, develop, change, enhance, expand, commercialize, sell, license, or abandon any of the Inhouse Software and shall be under no obligation to account therefor to Seller. Inhouse Software is provided “as is” without any warranty or representation whatsoever. Seller and its Affiliates disclaim any and all warranties with respect to the Inhouse Software, including any implied warranties of merchantability or fitness for a particular purpose, and shall not be liable for any direct, indirect, consequential, third party, or any other damages relating to the use, misuse, or reliance upon the Inhouse Software. Seller shall have no obligation whatsoever with respect to Inhouse Software including any obligation to support, update, upgrade, or maintain it. Seller shall retain all rights in and to the Inhouse Software that are not explicitly granted to Buyer in this paragraph, including the right to independently develop, change, enhance, expand, commercialize, sell, license or abandon the Inhouse Software, and shall be under no obligation to account therefor or to provide copies thereof to Buyer.