Common use of Ownership of Merchant Agreements and the Merchant Program Clause in Contracts

Ownership of Merchant Agreements and the Merchant Program. Independent Contractor acknowledges and agrees that it will have no equity interest, ownership, or other rights in any Merchant Agreement or in the CTC Services provided. Further, Independent Contractor acknowledges and agrees that all Merchant Agreements, Merchant records, documentation, and the information contained therein are the property of and are owned by the CTC and/or its vendors.

Ownership of Merchant Agreements and the Merchant Program. Independent Contractor acknowledges and agrees that it will have no equity interest, ownership, or other rights in any Merchant Agreement or in the CTC VMS Services provided. Further, Independent Contractor acknowledges and agrees that all Merchant Agreements, Merchant records, documentation, and the information contained therein are the property of and are owned by the CTC VMS and/or its vendors.