Common use of OWNERSHIP, ALLOCATION AND EXERCISE OF RIGHTS Clause in Contracts

OWNERSHIP, ALLOCATION AND EXERCISE OF RIGHTS. 1. This Annex addresses the allocation of rights and interests of the Parties and their participants. Each Party and its participants shall ensure that the other Party and its participants may obtain the rights to intellectual property allocated to it in accordance with this Annex. This Annex does not otherwise alter or prejudice the allocation of rights, interests and royalties between a Party and its nationals or participants, which shall be determined by the laws and practices applicable to each Party.

OWNERSHIP, ALLOCATION AND EXERCISE OF RIGHTS. 1. This Annex addresses the allocation of rights and interests andinterests of the Parties and their andtheir participants. Each Party and its andits participants shall ensure that the other Party and its participants may obtain the rights to intellectual property allocated to it in accordance with this Annex. This Annex does not otherwise alter or prejudice the allocation of rights, interests and royalties between a Party and its nationals or participants, which shall be determined by the laws and practices andpractices applicable to each Party.