Common use of Title & Ownership Clause in Contracts

Title & Ownership. Title to the Equipment will at all times remain with Company. Notwithstanding any other provision set forth herein, the Company or its third party licensors are and shall remain the sole and exclusive owners of the proprietary software and other intellectual property rights contained in the Equipment (the “Software”), including any amendments, modifications, derivative works, revisions, changes or other improvement thereto. Merchant has no right to use, make, sublicense, modify, transfer, rent, lease, sell, display, distribute or copy originals or copies of the Software, or to permit anyone else to do so. In addition, Xxxxxxxx agrees to not (i) reverse engineer, unencrypt, disassemble, decompile or otherwise translate the Software or allow anyone else to do it, or (ii) remove any patent, copyright or trademark or other intellectual property notices that may appear on any part of the Software or Equipment.