Common use of INTELLECTUAL PROPERTY RIGHTS 7 Clause in Contracts

INTELLECTUAL PROPERTY RIGHTS 7. 1. All intellectual property rights to the software used in the System belong to the developers that are partners of the Company or to the Company itself. The Customer has no right to make copies of, modify or use the software codes for the purposes other than as directed, study the structure of the operating algorithm, convert the electronic trading platform or the nature of its operation and perform other manipulations with the software. In the event of a violation of this condition, the Customer shall take responsibility to compensate for any losses and damage and acknowledges that they shall take additional responsibility under current law.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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