Joint Component Ownership Clause Samples

Joint Component Ownership. LMI and Intel shall jointly own all rights, title and interest (including all intellectual property rights) in any and all jointly developed Solution or Component produced hereunder during the Term (the “Joint Components”). The items that are Joint Components are listed on Schedule 4A. Any such Joint Components will remain the joint property of LMI and Intel. Both Parties shall have the right to assign, or sublicense its rights in the Joint Components and to modify, port, translate, localize or create derivative works of the Joint Components, during the term of this Agreement and after this Agreement is terminated. Subject to each Party’s preexisting intellectual property rights, any developed component produced hereunder during the Term of this Agreement that is not specifically listed on Exhibit 2A as an LMI Component or on Schedule 3A as an Intel Component shall be a Joint Component. Each Party agrees to assist in every proper and commercially reasonable way to effectuate the terms of this provision, including the execution of all applications, specifications, oaths, assignments, and all other instruments that may deem necessary. These obligations shall continue after the termination of this Agreement. Each Party further agrees to assist the other Party in enforcing all patents, trademarks, copyrights, trade secrets, or other ownership rights hereunder.