Common use of TEAM RETAINS OWNERSHIP OF TEAM’S INTELLECTUAL PROPERTY Clause in Contracts

TEAM RETAINS OWNERSHIP OF TEAM’S INTELLECTUAL PROPERTY. Subject to the provisions herein, which provide XPRIZE with the Media Rights, Team owns all rights in and to all of Team’s Intellectual Property associated with the design, manufacture, and operation of its Entry. Specifically, XPRIZE makes no claim to the rights in and to all or any of Team’s or Team’s designee’s Intellectual Property associated with the design, manufacture, operation of and the data collected by the Entry and any subsystems, except in such cases where: (a) the right to Exploit such Intellectual Property is necessary or desirable to tell the story of the Competition (e.g. depict or describe it in xxxxxx’x terms in the course of documentary programming), or is exercised otherwise in connection with, the Competition Media or the merchandising rights in Section XIII below; or (b) such Intellectual Property comprises, relates to, or includes the names, trademarks, copyrights, logos, insignias, or similar Intellectual Property of XPRIZE, the Title Sponsor or other Competition partners, sponsors, contractors, or collaborators.

TEAM RETAINS OWNERSHIP OF TEAM’S INTELLECTUAL PROPERTY. Subject to the provisions herein, which provide XPRIZE Milken with the Media Rights, Team owns all rights in and to all of Team’s Intellectual Property associated with the design, manufacture, and operation of its Entry. Specifically, XPRIZE Milken makes no claim to the rights in and to all or any of Team’s or Team’s designee’s Intellectual Property associated with the design, manufacture, operation of and the data collected by the Entry and any subsystems, except in such cases where: (a) the right to Exploit such Intellectual Property is necessary or desirable to tell the story of the Competition (e.g. e.g., depict or describe it in xxxxxx’x lay-person’s terms in the course of documentary programming), or is exercised otherwise in connection with, the Competition Media or the merchandising rights in Section XIII below; or (b) such Intellectual Property comprises, relates to, or includes the names, trademarks, copyrights, logos, insignias, or similar Intellectual Property of XPRIZEMilken, the Title Sponsor Competition Underwriter or other Competition partners, sponsorsunderwriters, contractors, or collaborators.