Common use of Ownership of Data and Intellectual Property Clause in Contracts

Ownership of Data and Intellectual Property. Customer acknowledges that Bank or its Service Provider owns all rights and interest in its network, systems and data, and that each is a valuable asset of the owner. Title and ownership to and all other rights in the data contained on the network/system, or any modification thereof, will at all times remain in Bank or its Service Provider. Customer acknowledges that it is acquiring only the non- exclusive right to use the network/system for the sole and specific purposes intended by Bank in providing access to the network/system. Customer will not use or disclose, or permit any other use or disclosure of the network/system outside of the specific purpose intended by Bank. Customer may not sell, sublicense, transfer, assign, encumber or otherwise dispose of or exploit any of the data on the network.

Ownership of Data and Intellectual Property. Customer acknowledges that Bank or its Service Provider owns all rights and interest in its network, systems and data, and that each is a valuable asset of the owner. Title and ownership to and all other rights in the data contained on the network/system, or any modification thereof, will at all times remain in Bank or its Service Provider. Customer acknowledges that it is acquiring only the non- exclusive right to use the network/system for the sole and specific purposes intended by Bank in providing access to the network/network/ system. Customer will not use or disclose, or permit any other use or disclosure of the network/system outside of the specific purpose intended by Bank. Customer may not sell, sublicense, transfer, assign, encumber or otherwise dispose of or exploit any of the data on the network.