Common use of Owner’s Property Clause in Contracts

Owner’s Property. O&M Contractor hereby acknowledges and agrees that Owner shall hold free and clear title to all Spare Parts provided by O&M Contractor hereunder for which Owner has paid pursuant to an invoice for T&M Costs submitted by O&M Contractor, and O&M Contractor further acknowledges and agrees that Owner shall hold free and clear title to all reports, performance data, records, books, plans, designs, papers or printouts, or other information used by O&M Contractor exclusively in connection with the performance of the Services, including those which O&M Contractor has generated, received or purchased in the course of performing the Services (collectively, “Owner’s Property”), but excluding O&M Contractor’s company or proprietary software, books and records, other materials not directly and exclusively related to its performance of the Services, and personnel records. O&M Contractor further agrees to deliver to Owner all of Owner’s Property (including any copies thereof) upon expiration or termination of this Agreement and upon request of Owner.