Common use of Ownership and Title Clause in Contracts

Ownership and Title. Title to the Binary Platform Software and the Documentation including ownership rights to all patents, copyrights, trademarks, service marks and trade secrets related thereto shall be the exclusive property of Binary. A non-redistributable title to the Binary Platform software upon receipt of payment of License Fee will be given to Acquisition, which shall include ownership rights to patents, copyrights, trademarks, service marks and trade secrets. Until Acquisition fulfills the initial License Fee payment, title to such customizations shall be the property of Binary subject to the rights and license granted to Acquisition in this Agreement.

Appears in 4 contracts

Samples: Technology Purchase Agreement (Accelera Innovations, Inc.), Technology Purchase Agreement (Accelera Innovations, Inc.), Licensing Agreement (Accelera Innovations, Inc.)

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