Common use of Your Suggestions Clause in Contracts

Your Suggestions. You may from time to time provide to Maximizer feedback or suggestions regarding the technology (including the Licensed Software and any other software or systems) or Confidential Information of Maximizer, which may include suggestions for, or feedback concerning, improvements, modifications, corrections, enhancements, derivatives or extensions, as well as branding ideas (“Feedback”). You agree that Maximizer and its Affiliates will have a perpetual, royalty free, exclusive, and transferable license to use such Feedback, without any obligation to compensate You or Your personnel. Maximizer may develop technology, modifications, corrections, enhancements, derivatives or extensions (“Improvements”) and further may also develop branding elements, based on such Feedback, and such Improvements and branding elements, and any intellectual property rights therein, as well as any related intellectual property registrations, will be owned exclusively by Maximizer or its designees. You will sign such further documents as may be required reasonably to confirm such ownership.

Your Suggestions. You may from time to time provide to Maximizer feedback or suggestions regarding the technology (including the Licensed Software Applications and any other software or systems) or Confidential Information of Maximizer, which may include suggestions for, or feedback concerning, improvements, modifications, corrections, enhancements, derivatives or extensions, as well as branding ideas (“Feedback”). You agree that Maximizer and its Affiliates will have a perpetual, royalty free, exclusive, and transferable license to use such Feedback, without any obligation to compensate You or Your personnel. Maximizer may develop technology, modifications, corrections, enhancements, derivatives or extensions (“Improvements”) and further may also develop branding elements, based on such Feedback, and such Improvements and branding elements, and any intellectual property rights therein, as well as any related intellectual property registrations, will be owned exclusively by Maximizer or its designees. You will sign such further documents as may be required reasonably to confirm such ownership.