Common use of LICENSEE acknowledges Clause in Contracts

LICENSEE acknowledges. and agrees that all intellectual property and industrial rights in and to the Licensed Materials and all copies thereof are and will remain the sole property of ENCLUSTRA, or its licensors (if any). Nothing contained in this Agreement will be construed as conferring by implication, estoppel or otherwise upon LICENSEE any license or other right except the licenses and rights expressly granted to LICENSEE in Section 3 (License Grants). LICENSEE understands that portions of the Licensed Materials and related documentation may have been licensed to ENCLUSTRA from third parties and that such third parties are intended third-party beneficiaries of the provisions of this Agreement. The Licensed Materials are protected by laws and international treaty provisions covering intellectual property and industrial rights.

LICENSEE acknowledges. and agrees that all intellectual property and industrial rights in and to the Licensed Materials and all copies thereof are and will remain the sole property of ENCLUSTRANETTIMELOGIC, or its licensors (if any). Nothing contained in this Agreement will be construed as conferring by implication, estoppel or otherwise upon LICENSEE any license or other right except the licenses and rights expressly granted to LICENSEE in Section 3 (License Grants). LICENSEE understands that portions of the Licensed Materials and related documentation may have been licensed to ENCLUSTRA NETTIMELOGIC from third parties and that such third parties are intended third-party beneficiaries of the provisions of this Agreement. The Licensed Materials are protected by laws and international treaty provisions covering intellectual property and industrial rights.