Participant Property Clause Samples

Participant Property. Other than property and rights covered by paragraph 6(b), the Participant and Third Party Administrator understand and agree that all Participant records computer printouts, and any other records, files, documents, drawings, specifications, equipment, books and other similar items relating, in any manner whatsoever, to the business of the Participant shall remain the exclusive property of the Participant. All such books, records, data, logs, programs and records in Third Party Administrator's possession or under Third Party Administrator's control belonging to the Participant shall be immediately returned by Third Party Administrator to the Participant upon any termination of this Agreement or upon any request for such documents and materials by the Participant. To the extent that such books, records, data, logs, programs and records in Third Party Administrator's possession or under Third Party Administrator's control belonging to the Participant also represent a work product of the Third Party Administrator, as defined in section 6(b), the Third Party Administrator may keep a copy of such items, subject to the restrictions and rights of the Third Party Administrator and the Participant as provided in section 5.