Developed IP definition
Examples of Developed IP in a sentence
Subject to Section 6.02(3), BNY Mellon hereby irrevocably assigns, transfers and conveys to Voya all of its right, title and interest in and to the Developed IP.
Unless otherwise agreed to in writing by the Parties, Voya shall own and have all right, title and interest in and to the Developed IP and BNY Mellon agrees that Developed IP that are a work of authorship shall be deemed to be created and prepared as, and shall therefore constitute, a “work made for hire” by Voya as the “author” and owner to the extent permitted by United States copyright law.
BNY Mellon shall execute any documents (or take any other actions) as may be necessary, or as Voya may reasonably request, to perfect the ownership of Voya in the Developed IP.
Further, any IP developed during the period of performance of this Agreement in satisfaction of the requirements of this Agreement shall presumably be considered Developed IP unless Seller can establish by documented evidence that such IP was wholly developed outside of this Agreement, including being exclusively funded by Seller and being conceived and reduced to practice without any reference to Purchaser Property.
All Developed IP that is considered “Work Made for Hire” as defined in in Section 101 of the United States Copyright Act, 17 U.S.C. § 101, and used in 17 U.S.C. § 201 (or relevant EU legislation and the UK Copyright, Design and Patents Act 1988, c.