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. 25.2 Contractor 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 Satellite 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 with respect to the Satellite. Such property shall be considered the sole and exclusive property of Customer.

Appears in 3 contracts

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

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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. 25.2 Contractor 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 Satellite 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 with respect to the Satellite. Such property shall be considered the sole and exclusive property of Customer.. ILS Contract No: 07-4435

Appears in 2 contracts

Samples: Launch Services Agreement (Inmarsat Finance PLC), Launch Services Agreement (Inmarsat Finance II PLC)

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