Common use of Ownership of Background IP Clause in Contracts

Ownership of Background IP. Each party acknowledges that all Background IP remains the sole property of its owner and that it acquires no right, title or interest in or to the Background IP of the other party by virtue of this Agreement or the disclosure or use of the Background IP in the course of the Project, other than as expressly set out in this Agreement.

Ownership of Background IP. Each party acknowledges that all All Background IP remains shall remain the sole exclusive property of its owner and that it acquires no right, title or interest in or the Party which first generated it. Each Party during the term of this Agreement shall be entitled to use the Background IP of provided by the other party Party only for the purpose of completing the associated Project, and only to the extent required by virtue of this Agreement or that Project. Neither Party grants to the disclosure or use of the other any right whatsoever in Background IP in the course of the Project, other than except as expressly set out specified in this Agreement.