Common use of Ownership By Supplier Clause in Contracts

Ownership By Supplier. As between Supplier and Service Provider, Supplier will own all Transaction Data jointly with the Participating Provider that is a party to the transaction generating the Transaction Data, each with the right to use such Transaction Data as if it were the sole owner and without any duty to account to the other, except as may be provided in a separate agreement among the parties to such transaction. Service Provider may provide reports relating to Transaction Data in accordance with the instructions of either the Supplier or the Participating Provider that is a party to a transaction giving rise to such Transaction Data. Supplier will not issue any instructions regarding Transaction Data which would violate any agreement with a third party. Service Provider will be under no duty of inquiry regarding the ownership of such data or Supplier’s right to dispose of such data.

Ownership By Supplier. As between Supplier and Service Provider, Supplier will own all Transaction Data jointly with the Participating Provider that is a party to the transaction generating the Transaction Data, each with the right to use such Transaction Data as if it were the sole owner and without any duty to account to the other, except as may be provided in a separate agreement among the parties to such transaction. Service Provider may provide reports relating to Transaction Data in accordance with the instructions of either the Supplier or the Participating Provider that is a party to a transaction giving rise to such Transaction Data. Supplier will not issue any instructions regarding Transaction Data which would violate any agreement with a third party. Service Provider will be under no duty of inquiry regarding the ownership of such data or Supplier’s right to dispose of such data.