Philips' Ownership Clause Samples
The 'Philips' Ownership' clause establishes that all rights, title, and interest in certain assets, materials, or intellectual property remain with Philips. Typically, this clause applies to proprietary technology, documentation, or products provided by Philips during a business relationship, ensuring that the recipient does not gain ownership or unauthorized rights to these items. Its core function is to protect Philips' proprietary interests and prevent unintended transfer of ownership, thereby safeguarding the company's intellectual property and business assets.
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Philips' Ownership. Philips retains exclusive ownership of all Proprietary Rights in any Technology, proprietary to Philips, which is incorporated into Personal TV Systems. TiVo shall take reasonable measures to protect Philips' Proprietary Rights in such Technology, including giving of such assistance and measures as are reasonably requested by Philips from time to time. Except as expressly granted in the Agreement, TiVo is not granted any rights or licenses with respect to Philips' Proprietary Rights in the Philips Technology. Philips shall remain the sole and exclusive owner of all of the Philips-owned features and functionality of the Philips' Value-added Services and related hardware components, including all of Philips' Proprietary Rights in the design, architecture and software implementation thereof. No licenses or rights with respect to the Value-added Service or related hardware components are granted in the Agreement.
Philips' Ownership. Philips warrants that it is the owner of all rights, title, and interest in the Philips Patents-in-Suit, Philips [**] Patents and Philips [**] Patent. [**] Designates information that has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.