Common use of Ownership and Retention of Rights Clause in Contracts

Ownership and Retention of Rights. The Licensee acknowledges that the Strategy and the Consultant/Licensor Marks are the exclusive property of Consultant/Licensor and that Consultant/Licensor has and retains all right, title, and interest in Intellectual Property rights therein. Except as otherwise specifically provided herein, Consultant/Licensor reserves all rights to the Strategy and the Consultant/Licensor Marks, and this Agreement shall not be construed to transfer to the Licensee any ownership right to, or equity interest in, any of the Strategy or the Consultant/Licensor Marks, or in any Intellectual Property or other proprietary rights pertaining thereto. On termination of this Agreement, the Licensee will cease and desist from all use of the Consultant/Licensor Marks in any way and will deliver up to the Licensor, or its duly authorized representatives, all material and papers upon which the Consultant/Licensor Marks appear and, furthermore, the Licensee will not at any time adopt or use without the Licensor’s prior written consent, any word, designation, or mark which is likely to be similar to or confusing with the Consultant/Licensor Marks.

Ownership and Retention of Rights. The Licensee acknowledges that the Strategy and the Consultant/Licensor Marks are the exclusive property of Consultant/Licensor and that Consultant/Licensor has and retains all right, title, and interest in Intellectual Property rights therein. Except as otherwise specifically provided herein, Consultant/Licensor reserves all rights to the Strategy and the Consultant/Licensor Marks, and this Agreement shall not be construed to transfer to the Licensee any ownership right to, or equity interest in, any of the Strategy or the Consultant/Licensor Marks, or in any Intellectual Property or other proprietary rights pertaining thereto. On termination of this Agreement, the Licensee will cease and desist from all use of the Consultant/Licensor Marks in any way and will deliver up to the Licensor, or its duly authorized representatives, all material and papers upon which the Consultant/Licensor Marks appear and, furthermore, the Licensee will not at any time adopt or use without the Licensor’s prior written consent, any word, designation, or mark xxxx which is likely to be similar to or confusing with the Consultant/Licensor Marks.