Common use of Ownership of Acquired Property Clause in Contracts

Ownership of Acquired Property. Except to the extent that a specific provision of the Contract states to the contrary, the CRRMA shall own all intellectual property acquired or developed under the Contract and all equipment purchased by the Engineer or its subcontractors under the Contract. All intellectual property and equipment owned by the CRRMA shall be delivered to the CRRMA when the Contract terminates, or when it is no longer needed for work performed under the Contract, whichever occurs first.

Appears in 4 contracts

Samples: Contract for Engineering Services, Contract for Engineering Services, Contract for Engineering Services

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