Property Retention Clause Samples
The Property Retention clause establishes that ownership of certain property, such as equipment, materials, or intellectual property, remains with the original owner even after delivery or use by another party. In practice, this means that a supplier may retain title to goods until full payment is received, or a licensor may keep ownership of software provided to a client. This clause is essential for protecting the interests of the property owner, ensuring that their assets are not lost or misappropriated before contractual obligations are fully met.
Property Retention. Any product purchased by the Customer from DCLUX shall remain DCLUX’ property until reception by DCLUX of the payment of the entire purchase price including all interests, costs and incidental expenses.
Property Retention. Any product purchased by the Customer from ROOT shall remain ROOT’s property until reception by ROOT of the payment of the entire purchase price including all interests, costs and incidental expenses.
Property Retention. (a) All right, title and interest in the Licensed Property including, without limitation, all copyrights, trademarks and other rights therein (and all renewals and extensions thereof) shall be owned exclusively by BTE. Subject to the terms of this Agreement, BTE shall have the sole unrestricted right to exploit the Licensed Property in its sole discretion in any manner in perpetuity in any and all media throughout the world whether now known or hereafter devised with no further obligation whatsoever to PLAN NAME or any third party. Any use which PLAN NAME may be permitted to make of the Licensed Property pursuant to this Agreement shall be subject to BTE's prior approval as specified herein. Without limiting the generality of the foregoing, PLAN NAME’s use of the Licensed Property shall conform to the BTE Principles set forth in Schedule III hereof.
(b) PLAN NAME confirms the sole ownership by BTE of the Licensed Property and agrees that all use by PLAN NAME of the Licensed Property, unless a separate agreement is reached amongst the parties, shall inure solely to the benefit of BTE and, as such, PLAN NAME shall not at any time acquire any rights in the Licensed Property or otherwise by virtue of any use or exploitation PLAN NAME may make thereof.
(c) All rights in the Licensed Property other than those specifically granted herein are reserved by BTE for its sole use and benefit and exploitation in its sole discretion. Upon the expiration or termination of this Agreement for any reason whatsoever, all rights in the Licensed Property shall automatically revert to BTE for its sole use and disposition with no further obligation whatsoever to PLAN NAME or any third party.
(d) PLAN NAME agrees to promptly inform BTE of any use by any person or entity of a trademark, servicemark or design associated with the Licensed Property which comes to the attention of PLAN NAME and which PLAN NAME has reason to believe could be a use unauthorized pursuant to the terms of this Agreement. BTE shall have the sole right to determine whether or not any action shall be taken on account of any infringement. PLAN NAME shall have no right to take any action with respect to the Licensed Property without prior written approval from BTE which approval shall not be unreasonably withheld.
(e) All intellectual property (including copyright rights) in materials relating to the subject matter of this Agreement that are developed and/or created by BTE shall be owned solely by BTE. All desig...
Property Retention. All intellectual property, including product designs, concepts, patterns, names (other than the Trademark), copyrights, patents, trademark, trade dress, and service marks (collectively, “Intellectual Property”) developed by JCP and JCP’s suppliers before or during the Term and which are incorporated into the Licensed Products will, be owned by JCP to the extent such Intellectual Property does not incorporate any Intellectual Property of WR. All Intellectual Property of WRS and WRL and their respective suppliers before or during the Term and which are incorporated into the Licensed Products (including the Trademark) will, be owned solely by WRS or WRL, as the case may be. All Intellectual Property developed jointly by WR and JCP during the Term (other than derivative works of the Trademark, including stylized versions thereof, which shall be owned exclusively by WRS or WRL, as the case may be) will be jointly owned by WR and JCP and neither Party may use such Intellectual Property after the Term without the prior written consent of the other.
Property Retention the goods are subject to retention of Seller property according to article 11, paragraph 3 of Legislative Decree 231/2002 and article 1523 of the Italian Civil Code, also in case that the Purchaser has started processing the goods.
Property Retention. (1) All right, title and interest in the Licensed Property including, without limitation, all copyrights, trademarks and other rights therein (and all renewals and extensions thereof) shall be owned exclusively by MSO. Subject to the terms of this Agreement, MSO shall have the sole unrestricted right to exploit the Licensed Property in its sole discretion in any manner in perpetuity in any and all media throughout the world whether now known or hereafter devised with no further obligation whatsoever to Kmart or any third party. Any use which Kmart may be permitted to make of the Licensed Property pursuant to this Agreement shall be subject to MSO's prior approval as specified herein.
(2) Kmart confirms the sole ownership by MSO of the Licensed Property and agrees that all use by Kmart of the Licensed Property shall inure solely to the benefit of MSO and, as such, Kmart shall not at any time acquire any rights in the Licensed Property or otherwise by virtue of any use or exploitation Kmart may make thereof.
(3) All rights in the Licensed Property other than those specifically granted herein are reserved by MSO for its sole use and benefit and exploitation in its sole discretion. Upon the expiration or termination of this Agreement for any reason whatsoever, all rights in the Licensed