Common use of Modified IP Clause in Contracts

Modified IP. ‌ Any rights in respect of an adaptation based on, or modification of, one party’s Intellectual Property by the other party is hereby assigned, on creation, to the first-mentioned party and licensed for use to the other party on the applicable terms set out in clause 15.4.

Modified IP. ‌ Any rights in respect of an adaptation based on, or modification of, one party’s Intellectual Property by the other party is hereby assigned, on creation, to the first-mentioned party and licensed for use to the other party on the applicable terms set out in clause 15.4.

Modified IP. ‌ Any rights in respect of an adaptation based on, or modification or enhancement of, one party’s Intellectual Property by the other party is hereby assigned, on creation, to the first-first- mentioned party and licensed for use to the other party on the applicable terms set out in clause 15.417.2.