Common use of Ownership of System Clause in Contracts

Ownership of System. It is understood by GOVERNING BODY that the SPE System being installed by REDSPEED is, and shall remain, the sole property of REDSPEED, unless separately procured from REDSPEED through a lease or purchase transaction. The SPE Systems are provided to GOVERNING BODY only under the terms and for the term of this Agreement.

Appears in 4 contracts

Samples: Professional Services, Professional Services, Professional Services

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