Common use of Ownership and Intellectual Property Clause in Contracts

Ownership and Intellectual Property. 5.1 All Versuni Materials will remain property of Versuni and shall be used solely for the purpose of fulfilling orders from Versuni. Versuni Materials shall be marked as owned by Versuni, shall be held at Supplier’s risk and expense in safe storage, and shall be returned promptly upon Versuni’s request. 5.2 Versuni shall own all IPR in any output/materials arising from the Goods/Services, and Supplier shall assign all IPR developed under this Agreement (foreground IPR) to Versuni. Supplier remains the owner of all pre-existing IPR and IPR not developed under this Agreement (background IPR). 5.3 The purchase of the Goods/ Services shall confer on Versuni and its Affiliates a world-wide, royalty- free, non-exclusive and perpetual license, including the right to sublicense, under all background IPR) controlled by Supplier to the extent necessary for Versuni to utilize the Goods/Services for the purpose for which the Goods/Services are supplied.

Ownership and Intellectual Property. 5.1 All Versuni Materials will remain property of Versuni and shall be used solely for the purpose of fulfilling orders from Versuni. Versuni Materials shall be marked as owned by Versuni, shall be held at Supplier’s risk and expense in safe «ƨƋƋŐĸĔaƎndȽeƕxpȿenƎseĸinƕsōafe storage, and shall be returned promptly upon Versuni’s VersuniȽs request. 5.2 Versuni shall own all IPR in any output/materials arising from the Goods/ServicesServices , and Supplier shall assign all IPR developed under this Agreement (foreground IPR) to Versuni. Supplier remains the owner of all pre-pre - existing IPR and IPR not developed under this Agreement (background IPR). 5.3 The purchase of the Goods/ Goods / Services shall confer on Versuni and its Affiliates a world-world - wide, royalty- royalty - free, non-non - exclusive and perpetual licenselic ense, including the right to sublicense, under all background IPR) controlled by Supplier to the extent necessary for Versuni to utilize the Goods/Services for the purpose for which the Goods/Services are suppliedsupplied .

Ownership and Intellectual Property. 5.1 All Versuni Materials will remain property of Versuni and shall be used solely for the purpose of fulfilling orders from Versuni. Versuni Materials shall be marked as owned by Versuni, shall be held at Supplier’s risk and expense in safe storage, and shall be returned promptly upon Versuni’s request. 5.2 Versuni shall own all IPR in any output/materials arising from the Goods/Services, and Supplier shall assign all IPR developed under this Agreement (foreground IPR) to Versuni. Supplier remains the owner of all pre-pre- existing IPR and IPR not developed under this Agreement (background IPR). 5.3 The purchase of the Goods/ Services shall confer on Versuni and its Affiliates a world-wide, royalty- royalty-free, non-exclusive and perpetual license, including the right to sublicense, under all background IPR) controlled by Supplier to the extent necessary for Versuni to utilize the Goods/Services for the purpose for which the Goods/Services are supplied.