Common use of Title to Plans and Specifications Clause in Contracts

Title to Plans and Specifications. Upon Owner’s payment of the Contract Price as provided in this Agreement, the documentation prepared by Contractor shall become the exclusive property of Owner; provided, however, that Contractor’s intellectual property rights in any such documentation shall remain with Contractor and nothing in this Agreement shall be construed as limiting Contractor’s rights to use its know-how, experience and skills of its employees (excluding Owner confidential information), whether or not acquired during performance of the Work, or to perform any construction or other services for any other person. Notwithstanding the foregoing, Contractor agrees to grant, and hereby does grant, to Owner an irrevocable, fully paid-up, royalty-free, perpetual, non-exclusive, world-wide, transferable license to use such intellectual property rights as needed for installing, owning, operating, repairing, maintaining, replacing, modifying and expanding the Facility (the “Licensed Technology”).

Appears in 2 contracts

Samples: Build Transfer Agreement, Procurement and Construction Agreement

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Title to Plans and Specifications. Upon Owner’s payment of the Contract Price as provided in this Agreement, the documentation prepared by Contractor (including all Contractor Submittals) shall become the exclusive property of Owner; provided, however, that Contractor’s intellectual property rights in any such documentation shall remain with Contractor and nothing in this Agreement shall be construed as limiting Contractor’s rights to use its know-how, experience and skills of its employees (excluding Owner confidential information), whether or not acquired during performance of the Work, or to perform any construction or other services for any other person. Notwithstanding the foregoing, Contractor agrees to grant, and hereby does grant, to Owner an irrevocable, fully paid-up, royalty-free, perpetual, non-exclusive, world-wide, transferable license to use such intellectual property rights as needed for installing, owning, operating, repairing, maintaining, replacing, modifying and expanding the Facility Project (the “Licensed Technology”).

Appears in 2 contracts

Samples: Build Transfer Agreement, Engineering, Procurement and Construction Agreement

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