Single Ownership Clause Samples
The Single Ownership clause establishes that only one party holds exclusive rights to a specified asset, property, or intellectual property. In practice, this means that any creations, inventions, or materials developed under the agreement are owned solely by the designated party, and no joint or shared ownership is permitted. This clause is essential for preventing disputes over ownership and ensuring that rights and responsibilities are clearly allocated to a single entity.
Single Ownership. As between Momenta and the Sandoz Parties, the Sandoz Parties shall own all Sandoz IP and Momenta shall own all Momenta IP. Momenta hereby assigns to the Sandoz Parties all right, title and interest in and to any Improvements to Sandoz Know-How or Improvements to Sandoz Collaboration Know-How that are conceived and reduced to practice or developed solely by Momenta or its Affiliates, or jointly by a Sandoz Party or its Affiliates, on the one hand, and by Momenta or its Affiliates, on the other hand, during, and in the conduct of, the Collaborative Program ("MOMENTA ASSIGNED IMPROVEMENTS"). Each of Sandoz and BCWI hereby assigns to Momenta all right, title and interest in and to any Improvements to Momenta Know-How or Improvements to Momenta Collaboration Know-How that are conceived and reduced to practice or developed solely by Sandoz or BCWI, or jointly by Sandoz or BCWI, on the one hand, and by Momenta or its Affiliates, on the other hand, during, and in the conduct of, the Collaborative Program ("SANDOZ ASSIGNED IMPROVEMENTS"). The assigning Party shall execute all documents necessary to effectuate this Section 8.1.1. Notwithstanding anything to the contrary herein, BCWI, with respect to the Sandoz IP, and Momenta, with respect to the Momenta IP, shall have the right to assign the Sandoz IP, in the case of BCWI, or the Momenta IP, in the case of Momenta, to its respective Affiliates, without the consent of the other Party, or to Third Parties, with the consent of the other Party, such consent not to be unreasonably withheld, so long as any such assignment pursuant to this sentence is subject to the licenses granted pursuant to this Agreement and is otherwise consistent with this Agreement.
Single Ownership. The Corporation will recognize only one owner for each share. If a share is owned by several persons, the Corporation shall not be obligated to register or to recognize more than one such person as owner, who shall be designated by the owners of such share for purposes of exercising shareholder rights derived from such share before the Corporation.
Single Ownership. Notwithstanding anything to the contrary contained elsewhere in this Lease, the Property and that property on the Campus known generally as MOB I, II and III must at all times (unless ownership is transferred pursuant to foreclosure or deed-in-lieu of foreclosure of a Leasehold Mortgage) be leased from Landlord by entities under common control. That is, except in the event of a transfer pursuant to a foreclosure or deed-in-lieu of foreclosure of a Leasehold Mortgage, the entity that Leases the Property, pursuant to this Lease, and the entity that leases the ground under MOB I, II and III must be Affiliates
Single Ownership. Notwithstanding anything to the contrary contained elsewhere in this Lease, the Property and that property on the Campus known generally as the ▇▇▇▇▇▇▇ Medical Arts Building must at all times (unless ownership is transferred pursuant to foreclosure or deed-in-lieu of foreclosure of a Leasehold Mortgage) be leased from Landlord by entities under common control. That is, except in the event of a transfer pursuant to a foreclosure or deed-in-lieu of foreclosure of a Leasehold Mortgage, the entity that Leases the Property, pursuant to this Lease, and the entity that leases the ground under the ▇▇▇▇▇▇▇ Medical Arts Building must be Affiliates.