Common use of INTELLECTUAL PROPERTY, MERCHANT DATA, CUSTOMER DATA Clause in Contracts

INTELLECTUAL PROPERTY, MERCHANT DATA, CUSTOMER DATA. 8.1 Intellectual Property of Givex. Nothing in this Terms and Conditions or otherwise shall give Merchant any right, title to, or interest in the Intellectual Property of Givex. Givex owns all rights, title, interest, copyright and other worldwide Intellectual Property rights in and to the GivexPay Services, Givex Platform, Givex App (if any), Givex System, and Givex Documentation (including all derivatives, updates, modifications, upgrades, enhancements, extensions, or improvements thereof, as well as any new features, functionality, applications, or services, whether developed by or on behalf of Givex), all of which shall and are expressly intended to remain vested in Givex.