Re-engineered Settlement System Sample Clauses

Re-engineered Settlement System. For the avoidance of doubt, all Parties agree that all existing and future intellectual property rights of whatsoever nature subsisting in the Re-engineered Settlement System (as defined in the Appendix) shall vest in Pool Members or, at the direction of the Executive Committee, in a nominee of Pool Members. The Settlement System Administrator hereby assigns to Pool Members or their nominee, as the case may be, with full title guarantee all such existing and (to the extent that future assignment is permitted by law) all future intellectual property rights that exist or may exist in the Re-engineered Settlement System and, to the extent that such future intellectual property rights that exist, or may exist, in such Re-engineered Settlement System are not hereby assigned to Pool Members or their nominee, as the case may be, the Settlement System Administrator undertakes to do all such acts and execute all such documents as may be necessary or desirable to give full effect to the assignment of such intellectual property rights.