Common use of Product Ownership and Restrictions Clause in Contracts

Product Ownership and Restrictions. All intellectual property rights and title to the Software and any related materials shall remain with Us and no interest or ownership therein is conveyed to You. No right to copy/modify (even for purposes of error correction), adapt, or translate the Software or create derivative works therefrom is granted to You, except as necessary to configure the Software using the menus, options and tools provided for such purposes and contained in the Software. All copyright, trademark, patent, and related proprietary notices incorporated in the Software shall be duplicated by You on all copies or extracts thereof and shall not be altered, removed, or obliterated. Except as required to be permitted by applicable law, reverse compiling (including reverse compiling to ensure interoperability), reverse engineering and other source code derivation of the Software is prohibited. You will restrict access to and use of the Software to those of Your employees who require access for the purposes of exercising Your rights and carrying out Your obligations under this License only and will ensure that each such person observes all of the terms of this License.