Common use of Licensee Developments Clause in Contracts

Licensee Developments. Licensee shall own Intellectual Property only to the extent that it independently develops or acquires such Intellectual Property and that it does not infringe on the Licensed Property, or any Updates or Enhancements to the Licensed Software (“Licensee Developments”).

Appears in 2 contracts

Samples: Hosting Services Agreement (Prosper Funding LLC), Hosting Services Agreement (Prosper Funding LLC)

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Licensee Developments. Licensee shall own Intellectual Property only to the extent that it independently develops or acquires such Intellectual Property and that it does not infringe on the Licensed Property, or any Updates or Enhancements to the Licensed Software by it (“Licensee Developments”).

Appears in 2 contracts

Samples: License Agreement (LendingClub Corp), License Agreement (Prosper Marketplace Inc)

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