Common use of RIGHT OF OWNERSHIP AND CUSTODY Clause in Contracts

RIGHT OF OWNERSHIP AND CUSTODY. 25.1 Customer hereby acknowledges and agrees that at no time shall it obtain title to or ownership of or any other legal or equitable right or interest in any part of the Launch Vehicle or in any other tangible or intangible property or hardware of Contractor or its Related Third Parties, including, without limitation, any patent or data rights used or furnished in providing Launch Services under this Contract. Such property shall be considered the sole and exclusive property of Contractor.

Appears in 5 contracts

Samples: Contract for Launch Services (Inmarsat Launch CO LTD), Contract for Launch Services (Viasat Inc), Contract for Launch Services (Inmarsat Launch CO LTD)

AutoNDA by SimpleDocs

RIGHT OF OWNERSHIP AND CUSTODY. 25.1 Customer MSV hereby acknowledges and agrees that at no time shall it obtain title to or ownership of or any other legal or equitable right or interest in any part of the Launch Vehicle or in any other tangible or intangible property or hardware of Contractor or its Related Third Parties, including, without limitation, any patent or data rights used or furnished in providing Launch Services under this Contract. Such property shall be considered the sole and exclusive property of Contractor.

Appears in 1 contract

Samples: Contract for Launch Services (Skyterra Communications Inc)

AutoNDA by SimpleDocs

RIGHT OF OWNERSHIP AND CUSTODY. 25.1 22.1 Customer hereby acknowledges and agrees that at no time shall it obtain title to or ownership of or any other legal or equitable right or interest in any part of the Launch Vehicle or in any other tangible or intangible property or hardware of Contractor or its Related Third Parties, including, without limitation, any patent or data rights used or furnished in providing Launch Services under this Contract. Such property shall be considered the sole and exclusive property of ContractorContractor or its subcontractors.

Appears in 1 contract

Samples: Confidential Treatment (Satelites Mexicanos Sa De Cv)

Time is Money Join Law Insider Premium to draft better contracts faster.