Common use of Intellectual Property and Ownership Clause in Contracts

Intellectual Property and Ownership. 4.1 The Licensed Program, and all copies thereof, are proprietary to and the property of GTRC, and title thereto remains in GTRC. All applicable rights in copyrights, patent rights, trademarks and trade secrets in the Licensed Program are and will remain in GTRC. GTRC represents that it has the right to grant the licenses and rights specified in this Agreement and to perform the activities specified in Section 3.1, and further represents that the granting of such licenses and rights and the performance of such activities will not conflict with any agreement GTRC has with any third party.