Common use of Intellectual Property Rights Ownership Clause in Contracts

Intellectual Property Rights Ownership. 3.1 Customer acknowledges and understands that, as between the Parties, AuditBoard is the sole owner of all rights, title and interest in and to the Service, including, without limitation, all Intellectual Property Rights therein, and Customer shall have no rights, title or interest therein or thereto other than the limited right to use and access expressly set forth herein. Customer understands that AuditBoard considers the Service to be a trade secret. AuditBoard name, the AuditBoard logo, and the product names associated with the Service are trademarks of AuditBoard or third parties, and no right or license is granted to use them.