Common use of INTELLECTUAL PROPERTY RIGHTS ETC Clause in Contracts

INTELLECTUAL PROPERTY RIGHTS ETC. 14.1 The Manager is entitled to fair consideration for inventions, intellectual property rights, computer software and the like developed, produced or discovered by the Manager in the course and as part of the service relationship. Inventions, intellectual property rights etc., which are developed, produced or discovered by the Manager without this being in the course and as part of the service relationship belong to the Manager. The special consideration must reflect the value of the right of use less the direct costs towards promotion, marketing, formation of agreements and implementation.

INTELLECTUAL PROPERTY RIGHTS ETC. 14.1 16.1 The Manager is entitled to fair consideration for inventions, intellectual property rights, computer software and the like developed, produced or discovered by the Manager in the course and as part of the service relationship. Inventions, intellectual property rights etc., which are developed, produced or discovered by the Manager without this being in the course and as part of the service relationship belong to the Manager. The special consideration must reflect the value of the right of use less the direct costs towards promotion, marketing, formation of agreements and implementation.