The Parties undertake to abide by all Intellectual Property Protection. There are several important clauses which you should The purpose of non-competition clauses is to protect companies from former employees taking competitive advantages to competitors. • DOE Acquisition Regulation (DEAR) 952. 2. Pricing and rates. Sometimes this type of agreement is also called a confidentiality agreement. Jupiter acknowledges that RxXxx is the owner of all RxXxx IP. Hours. The Group Companies shall, and the Founders shall cause the Group Companies to fully comply with the laws and Download our Intellectual Property Agreement. (a) All Intellectual Property Rights and all Proprietary Materials owned The Standard Non-Governmental Clinical Study Agreement does not contain a section addressing the rights of the parties in inventions that might come from clinical trials. (a) Any Intellectual Property created by the Supplier independently or unrelated to an Agreement ( Supplier IP) will remain the property of the Supplier and nothing in this Agreement will be construed as transferring title in or ownership of any Supplier IP to CPA Australia. Intellectual Property clauses indicate who will own any inventions, work product, and other intellectual property created, used, or disclosed under the agreement. The Employee will not make copies or attempt to recreate the tangible embodiments. First Name (Required) Last Name (Required) Email Address (Required) Phone (Required) Protecting Registered and Unregistered Intellectual Property. the design or look of your products A Non-Disclosure Agreement (NDA) is a legally enforceable contract that establishes confidentiality between two parties—the owner of protected information and the recipient of that information. The ownership of intellectual property is categorized into four groups: copyright, trademark, patent, and trade Dec 28, 2020 · Los Angeles, CA 90026. Seller represents and warrants that, to its knowledge, the Goods provided under this Agreement do not infringe on any patent, trademark, or other proprietary right of a third party. Intellectual Property Rights. This page contains Intellectual Property Rights clauses in business contracts and legal agreements. Take a look at our sample below, to get an idea of what yours will look like. 2 days ago · Key Clauses in an Intellectual Property Assignment Agreement. Subject to the other terms and conditions of this Agreement, Service Provider, on behalf of itself and its Affiliates, hereby grants to WG, for itself and Oct 30, 2023 · A clearly written clause (or clauses) in your Terms and Conditions agreement will set out the legal situation and reduce the risk of intellectual property violations. does and does not claim as its intellectual property. It’s not only an intellectual property tool, but it also retains vital employees. With respect to our customary (South African) law, the intellectual property (IP) created by an employee in the course and scope of his or her employment automatically passes to the employer. Engaging a service provider or collaborating with another party involves managing the: use of existing IP; commercialisation of new IP; and. If you have any questions about these samples, please contact us. A license to Harvard-owned patent rights will be subject to terms and conditions similar to those set forth in the form agreements in the links below. g. If you have a contract of employment, there’s a good chance it includes a section that deals with intellectual property (IP) rights. Otherwise, complete this form and we will contact you within one business day. Background IP. 19. The intellectual property provisions applicable to this award will be incorporated by reference or included as Attachment 1 to the amended award, upon completion of negotiations. Sample 1 Sample 2 See All ( 9) Mar 23, 2016 · A Intellectual Property Agreement is used to assign intellectual property. MaRS has created a sample template of an intellectual property assignment agreement to help streamline business for investors, founders and their respective legal advisors. In most cases, intellectual property, such as patents, is legally owned and protected by an organization from outside use and implementation without adequate consent. As IP encompasses a broad range of rights, such as trade marks Sample 1. Supplier shall indemnify, defend and hold harmless S&W and its Protected Parties from and against all claims by a third party alleging that any of the Products infringe any Intellectual Property Right of a third party, except to the extent the same relates to or results from (i) use of Jul 12, 2023 · Sample wording: “The supplier shall indemnify the purchaser against all liabilities, costs, expenses, damages, and losses caused by defective products supplied under this contract. Intellectual property clause for employment contract (long form) Intellectual property clause for employment contract (short form) Intellectual property clause in a consultancy agreement with an individual or service company. 1 Subject to the Sections 12. Resource ID 4-200-2137. 1 Each Party acknowledges that all Confidential Information, background information and Intellectual Property rights 2 days ago · It is always best to have an intellectual property lawyer draft, or at least review, the terms of any intellectual property licence agreement. 1 Subject to Clause 38. Service Provider Intellectual Property. The party receiving the IP interest is the assignee. Intellectual Property Indemnity. This guide is divided into two main sections: the first provides an overview on general contract clauses, and the second focuses on IP contracts including some of the most comm. , a Maryland corporation (“CCT Sample Clauses. Mar 30, 2022 · IP Contracts. Deliverables. Subcontractor Intellectual Property. com Sample 1 Sample 2. Tailoring contracts to suit your intellectual property rights (IPR) is an important way to ensure that your company’s specific intellectual property (IP) assets are adequately protected. 201-2 Contract clauses. decision making around IP rights. your inventions. 14. Licenses are not considered a sale, transfer, or an assignment. Sale, Purchase and Transfer of Intellectual Property Rights. The Recipient is granted a non -exclusive limited- use license of this Intellectual Property. IP Indemnification. Intellectual property rights—copyrights, trademarks, service marks, domain names, trade secrets, and patents—are the foundation of many (if not all) online businesses, and, with the growth of the Internet Upon termination of this Agreement, the Employee agrees to immediately return all tangible embodiments of the Intellectual Property, including but not limited to data, drawings, documents, and notes developed during the course of the Employee’s employment. Assigning intellectual property is the transfer of the rights of that intellectual property from one party to another, usually for monetary consideration. Intellectual Property Rights Agreement is a lawful legal contract that specifies the terms and conditions of utilizing intellectual property assets between two or more people or organizations. 227-13. Intellectual property covers a broad spectrum of intangible assets, including patents, copyrights, trademarks, trade secrets, and more. “Background Intellectual Property” means property and the legal right therein of either or both parties developed before or independent of this Agreement including inventions, patent applications, patents, copyrights, trademarks, mask works, trade secrets and any information embodying proprietary data such as technical data and computer software. INTELLECTUAL PROPERTY Mutual Obligation. The sections below set out: the key clauses to include in your intellectual property licence agreement; and; what these clauses should contain. How you manage your intellectual property can make or break your organization. The terms of this Agreement shall prevail in the Mar 23, 2022 · Project scope. Learn how to protect your rights and interests in intellectual property development, licensing and distribution. The Granter, upon entering into this agreement will grant the Grantee rights to the Property for use both in the United States and abroad for a 15. 5. 10. End of Document. The party transferring the IP interest is the assignor. ask any contractors or freelancers working on their IP to sign an Assignment of intellectual property agreement as a normal part of B during the term of this Agreement (“Joint Intellectual Property”), will be the joint property of and the entire right, title and interest is hereby assigned jointly to Company-A and Company 3 days ago · 4Review the termination clause. Lessee shall be solely responsible for obtaining any necessary clearances or permissions for the use of intellectual property on the Premises, including, but not limited to musical or other performance rights. The Group Companies shall establish and maintain appropriate intellectual inspection system to protect the Proprietary Rights of the Group Companies. , a Florida corporation (“Licensor”) and CORPORATE CAPITAL TRUST, INC. A licensee will not own the IP that is licensed; rather, the licensor will keep the ownership. An intellectual property assignment agreement, also known as an IP assignment agreement, is a written contract that transfers intellectual property rights from one party (the assignor) to another (the assignee). An intellectual property license agreement, or IP license agreement, is a legal document which allows one party to utilize the other party's intellectual property, which can include patents, trademarks, copyrights, and trade secrets. 11 (a) ( Use of Subcontractors) of the MPSA is hereby deleted and replaced with the following: “ [*****], Supplier shall certify in writing that its Subcontractors are in compliance with applicable Ascension Health and or Eligible Recipient policies as they Sample Clauses. Grant. The Client will own all intellectual property created by the Service Provider. 16. The intellectual property rights agreements offered by the firm can be used in Sample 1. Consultant agrees that any and all Work Product (as defined below) will be the sole and exclusive property of Client. Describe the work you are hiring the freelancer to do, including the purpose of the project, the length of time it will take, and the number of hours the freelancer is expected to work. , equipment, supplies, facilities or confidential, trade secret information), (iii) that does not relate directly to the An Intellectual Property Agreement is a legally binding contract between two parties, typically an employer and an employee, that outlines the ownership, transfer, and rights associated with intellectual property. It is in both of your best interests to protect the licensed property. The standard clause is primarily drafted from the employer's perspective and aims Employers should: ensure that all of their employees have a written Employment contract. Another key element of negotiating intellectual property rights in contracts is the termination clause. By signing an NDA, participants agree to protect confidential information shared with them by the other party. (a) (1) Insert the clause at 52. Moreover, it is either owned or created by the owner before the date of the agreement. Here's what you need to know about these clauses, how 27. For purposes of this Agreement, “Intellectual Property” shall mean all ideas, inventions, discoveries, processes, designs, methods, substances, articles, computer programs, and improvements (including, without limitation, enhancements to, or further interpretation or processing of, information that was in the possession of Employee prior to the date of Jan 15, 2015 · January 15, 2015 by: Content Team. Jan 11, 2023 · An intellectual property contract is an agreement between two parties that defines terms and conditions for intellectual property. Although specific cases of automatic This Intellectual Property Agreement (the "Agreement") is between Client (the "Company") and Acme LLC, a company (hereafter referred as the "Contractor"), both individually referred to as a "Party", and collectively referred herein as "Parties". For most companies — especially small businesses, startups, and partnerships — intellectual property (IP) is either the crown jewel of the business or a key asset. Change of Control Clause: On a change of COPYRIGHT AND INTELLECTUAL PROPERTY. Subject to the terms and conditions of this Agreement, at the Closing referred to herein, Seller agrees to sell, transfer and assign and Buyer agrees to The rights provided in this royalty agreement template list the specific rights being assigned (licensed) to the Grantee (as licensee), for which the Grantor (licensor) will receive royalties. For example, the DOE takes ownership of all subject The negotiation of intellectual property rights clauses often boils down to an issue of leverage. R. Having a written agreement: enabling them to exploit or use the IP as agreed upon. 3 and 12. Sample 1 Sample 2. Supplier Intellectual Property. Supplier Intellectual 13. Each party will retain exclusive interest in and ownership of its intellectual property developed before this agreement or developed outside the scope of this agreement. Non-competition clause examples include: Example 1: Preventing former employees from using trade Intellectual Property Agreements. 1, all Background Intellectual Property, developed or created by Contractor (or its subcontractors), and all Intellectual Property Rights therein, shall be the sole and exclusive property of Contractor. Intellectual Property Warranty. Your intellectual property or invention loses value if everyone has access to it. For in-house counsel, this means that extra care is needed when preparing any contract that touches on This agreement will set aside any of your previous intellectual property from anything you develop jointly with the Company. Seller shall retain ownership of all IP owned or developed by Seller prior to the effective date of or outside the scope of this Contract (“Background IP”). Retention of Intellectual Property Rights. 2 the Intellectual Property Rights in this Contract and all documents, records, data, or other information produced by the Contractor as part of the Services shall belong exclusively to the Council and the Contractor shall not make or distribute to a third party any copies of this Sample 1. ” Intellectual property (IP) clauses: Specify the ownership and use rights of intellectual property created or used during the contract. The term “Agreement” shall mean this instrument and all Schedules and Exhibits attached hereto. Intellectual May 10, 2024 · Creative Vision Legal offers intellectual property contracts such as nondisclosure agreements, licensing agreements, and collaboration agreements that are tailored for artists, musicians, and small business owners. The transfer of intellectual property rights Intellectual property clause samples. Intellectual Property Agreements. The firm’s regular rate of $400 per hour applies. Key Clauses. Imagine BigCorp hires DesignCo, LLC to invent a new toaster and create a brand name and marketing materials. 1 Assets. Pre-Existing Intellectual Property. Aug 23, 2019 · Here are the meaning of boilerplate contract clauses and what they're intended to do: Assignment Clause / Novation: transfer/ novate a contract or part of a contract to another legal entity. INTELLECTUAL PROPERTY PROVISION. (a) Executive agrees that the results and proceeds of Executive's services for the Company (including, but not limited to, any trade secrets We can define intellectual property as any intellectual or human creation, like literary works, inventions, artistic works, and designs. You should set out the details of the Ip indemnification clause samples. Intellectual Property Protection. Maintaining proprietary ideas provides for a massive competitive edge, and you need the best team you can get to help execute on your ideas. See full list on lawinsider. The agreement can be for commercial or non-commercial use, and in some cases it may also restrict the type of . All intellectual property and related material (the "Intellectual Property") that is developed or produced under this Agreement, will be the property of the Provider. 227-1, Authorization and Consent, in solicitations and contracts except that use of the clause is-. Consultant hereby irrevocably assigns to Client all right, title and interest worldwide in and to any deliverables specified in a Project Assignment Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. The IP clause will likely state that all IP created by the employee in the course of their employment is owned by the employer. Subject to the licenses granted in Article 32. Pursuant to the IPMA, Lockheed Jun 5, 2024 · An Intellectual Property clause is a clause that is used in legal agreements such as a Terms and Conditions agreement or an End User License Agreement (EULA) for example. INTELLECTUAL PROPERTY AND CONFIDENTIALITY AGREEMENT. Contractor Intellectual Property. Vendor warrants and represents that it has the right to sell and/or license any codes, programs, firmware, software, know-how, methods, and/or concepts associated with any Products that are the subject of this Agreement. Except in connection with the sale of all or substantially all of the assets of the Company that are covered under Section 5 of the Certificate of Designation, the Company shall not transfer, sell or otherwise dispose of, any Intellectual Property Rights, or allow the Intellectual Aug 11, 2020 · Generally, in agreements concerning the use and/or transfer of IP, the following clauses are important: 1. Ownership of Work Product. Usually, no Intellectual Property is contemplated, or is so unlikely that it is not considered by the parties to be worthwhile to address. Both parts contain practical examples to illustrat. The intellectual property rights holder may transfer all or part of their rights. 4, We undertake at Our own expense to defend You or, at Our option, to settle any third- party claim or action brought against You alleging that Your use of the Services (or any part thereof) in accordance with the terms of the Agreement infringes the Proprietary Rights Intellectual property clause (employment) Q&A: Canada, Practical Law Country Q&A language, which is required for an effective assignment of IP rights, and language more indicative of a promise to assign, such as "will transfer" (Verdellen v Monaghan Mushrooms Ltd. Lockheed Martin and a subsidiary that will be transferred to Splitco will enter into an Intellectual Property Matters Agreement (“IPMA”) in respect of certain intellectual property (including patents, trade secrets, copyrights and know-how) used by the Splitco Business. The clause assigns intellectual property rights in materials that the consultant (or service company) creates in the course of providing the consultancy IP agreements. This Standard Clause is drafted for use in an agreement with an employee who is principally involved in a technical or creative role. P. However, IP licensing agreements typically all include these 10 key terms: 1. For more versions of this cl. ) from the creator to another entity. The agreement states the terms of you providing a service or product that indicates Having the right type of intellectual property protection helps you to stop people stealing or copying: the names of your products or brands. For example, an NDA can allow a third party to discuss trade secrets internally An IP transfer agreement, also known as an intellectual property assignment, is a legal document that transfers ownership of intellectual property rights from one party to another. Feb 1, 2023 · Background intellectual property is any IP that’s created, invested, authored, or developed. The product remains the property of the consultant, including: Such works published under copyright laws during the service agreement will remain the copyright of Feb 11, 2020 · An IP licensing agreement can be lengthy and complex, and its terms will vary somewhat depending on the IP right being licensed and on the deal struck. It can also make it easier to enforce your own rights or defend yourself against claims of breaching other people's rights. Clarify exactly what the freelancer is expected to complete or produce. Most IP contracts include a license in their terms. Sample 1 Sample 2 See All ( 6) Pre-Existing Intellectual Property. We have organized these clauses into groups of similarly worded clauses. You prior intellectual property remains yours but any joint IP becomes the property of the Company. Audit Clause: provide a right to inspect materials in the possession or control of the other contracting party. It is important to ensure that the terms of any assignment Jan 1, 2024 · IP clauses make it clear in license agreements that the only IP rights that will be exchanged are any that are licensed in the License Grant clause. This BRAND LICENSE AGREEMENT (this “Agreement”) is entered into as of March , 2011, but is made effective between the parties hereto as of (the “Effective Date”) by and between CNL INTELLECTUAL PROPERTIES, INC. 1. Accordingly, Vendor agrees to indemnify and hold harmless Customer from all Dec 28, 2020 · Description: Intellectual Property clauses indicate who will own any inventions, work product, and other intellectual property created, used, or disclosed under the agreement. Sample 1 Sample 2 Sample 3 See All ( 44) Ownership of Intellectual Property. Contractor shall retain all right, title and interest in and to any work, ideas, inventions, discoveries, tools, methodology, computer programs, processes and improvements and any other intellectual property, tangible or intangible, that has been created by Contractor prior to entering into this This confidentiality and intellectual property assignment agreement ("Agreement") is entered into on [___] (“Effective Date”), at [___] by and between: of, be deemed to mean and include its successors and assigns) of the First Part and[___] hereinafter referred to as “Employee”, (which expression shall, unless repugnant to the meaning d how these should be drafted. It is a means for companies to safeguard their IP ownership and to guarantee that their proprietary data is not stolen, misused, or violated. I. Assignment of future Employment IPR. Sample 1. As a general counsel or in-house lawyer, it is essential to consider intellectual property (IP) whenever your business enters into contracts with another party. While MaRS makes this document available for educational purposes and to facilitate the negotiation of terms between investors and startups, the template is yours to use at 81% of customers agree that Practical Law saves them time. In the event that Parent determines not to pay any or all of the maintenance or renewal fees or annuities applicable to the Licensed Intellectual Nov 18, 2020 · Updated November 18, 2020: An IP ownership clause is necessary for a contract, as it states who owns intellectual property. There is a confidentiality clause, non-disclosure clause and a joint non-solicitation that mutually protect you and the A Standard Clause for the protection of the employer's intellectual property (IP) rights in Canada. 7. Download. , the Company). Identification of the IP that’s licensed and the scope of the rights granted, such as any geographical Addressing intellectual property ownership in a contract is one of the most important things every entrepreneur should consider when signing a new contract. (a) A complete and accurate list of all: Sample 1 Sample 2 Sample 3. To give you a sense of how these licenses take shape, we are pleased to provide here a number of illustrative sample agreements. Your clause should intend to cover every area of IP, whether you have legally Agency-Specific Clauses Contracts may contain agency-specific clauses with different reporting requirements and different allocations of rights, such as: • DOD FAR Supplement (DFARS) 252. Parties. 3. This clause must clearly state the extent of the rights that are being granted to the assignee. 1 On or about January 23, 1998, the Advisor executed an Intellectual Property and Confidentiality Agreement, a copy of which is attached to this Agreement as Exhibit A and the terms of which are incorporated herein by reference. Sample Clauses. It authorizes another party to perform specific tasks using intellectual property. Find examples of intellectual property ownership clauses in contracts from various sources and industries. An assignment of intellectual property agreement is a contract that transfers the intellectual property rights (For example, patents, trademarks, industrial designs, or copyrights. hello@lawgood. 15. Small businesses are often so focused on the anticipated revenue to be realized from the contracting opportunity that they feel unwilling (and perhaps unable) to “rock the boat” by questioning a prime’s suggested intellectual property clause. That’s why we’ve done the hard work to develop a simple intellectual A clause for use in a consultancy agreement between an individual consultant or service company, and another company with which that individual or company is contracting to provide services. Intellectual Property; Music Broadcasting Rights. Contractor’s Intellectual Property. This clause is particularly important in contracts where intellectual property is created, licensed, or transferred between Confidentiality and Intellectual Property. n IP contracts and IP clauses. The sample clause here is for employment agreements and is drafted in favor of the Employer. Definition of intellectual property rights. To protect your property, you might want to ask the other party to agree to a non-disclosure clause. 12. The sample clause here is drafted for service agreements and is in favor of the Client (i. 1 You must keep confidential all of Our Confidential Information at all times and must not disclose any Confidential Information to any third party without Our prior approval; Sample 1 Sample 2 Sample 3 See All ( 9) Confidentiality and Intellectual Property. This clause includes specific language that aims to protect the employer's IP rights in this context, including Background Intellectual Property. 1 The Parties agree to perform their respective responsibilities under this Agreement in a manner that does not constitute an Infringement of any Intellectual Property Rights or other proprietary rights of each other, or of any third party. Exhibit (k)(3) FORM OF INTELLECTUAL PROPERTY LICENSE AGREEMENT . This Agreement shall be effective on the date of signing this Agreement (the "Effective Date"). Each of the Buyer and the Company shall execute and deliver at Closing (i) the trademark license agreement in the form attached hereto as Exhibit H (“Trademark License Agreement”), (ii) the Shared IP Jun 7, 2024 · Intellectual property is a broad categorical description for the set of intangibles owned and legally protected by a company from outside use or implementation without consent. 1 and 5. Agreement. , (2011), (3d) 553, 97 C. Each Party will own all right, title and interest in its Background IP. This is the part of the contract that specifies what happens INTELLECTUAL PROPERTY - The Parties hereby agree that the Employee assigns the Employer all the present and future rights and title, as well as the interest to all intellectual property (hereinafter referred to as “Intellectual Property”) that is created and/or discovered during the term of their employment. You'll want a contract in place if you own a business for several reasons, but you might not understand what the legal implications are. (ii) Prohibited when both complete performance and delivery are outside the United States. include an IP clause in their employment contracts and in any contracts engaging consultants, freelancers, or casual workers. This Agreement contains no grants to Buyer under any other Intellectual Property Rights of Parent except as provided in Sections 2, 4, 5. 1 The Recipient shall grant to the Commissioner at no cost an irrevocable, royalty-free perpetual license to use and to sub-license the use of any material created by the Recipient under the terms of this Grant Agreement for such purposes as the Commissioner shall deem appropriate. (Note to Lessee: To obtain the appropriate music performance Assigning intellectual property is the transfer of the rights of that intellectual property from one party to another, usually for monetary consideration. It has no impact on the ownership. For example, certain states require that the agreement include clear language carving out intellectual property created by the employee (i) entirely on his or her own time, (ii) without the use of any company property (e. This clause establishes what a website, app, SaaS, etc. 227-7038. Assignment: In any IP assignment, there is a clause specifically assigning/transferring the title in the IP from the assignor to the assignee. Nov 15, 2021 · the customer owns its data (and all intellectual property rights related thereto); the customer will have immediate access to its data without charge upon demand; upon termination of the agreement the customer may take its data to a new cloud provider; and; the format in which the data will be returned to the customer. 38. 1 ACO warrants that it owns the Australian Intellectual Property Rights in the Licensed Material Jun 15, 2023 · Sample Intellectual Property Indemnification Clause for Business Contracts a Business Contract. A short-form intellectual property clause to be inserted into an employment contract that may be appropriate for a junior or senior employee who is not principally involved in a creative or research role. A. 2 days ago · Call 1300 544 755 for urgent assistance. The parties agree that Supplier shall be entitled to retain sole and exclusive ownership rights to the A long-form intellectual property (IP) clause to be inserted into an employment contract that may be appropriate to use for an employee who is employed in a creative or technical role where it is likely the employer will need additional protection for IP rights. Definition of Intellectual Property. RxXxx shall retain all right, title and interest in and to RxXxx IP. Your Intellectual Property Agreement Sample Clauses. 4 Maintenance of Licensed Intellectual Property. Transfer of Intellectual Property Rights. Whether you are starting a business or running a business, intellectual property is a significant piece of your business’s value. io. Rights. It sets out the terms of the transfer. Contracts involving the protection of IP can be divided into four main categories: • Technology development, transfer, consultancy and service contracts. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. If, however, a Sponsor does address the issue you may use any of the following May 5, 2022 · Intellectual property contracts and ownership made easy with Practical Law. e. Intellectual property refers to creations of the human mind, whether creative or intellectual, such as art and designs, literary works, music, and the names, symbols, and images used in business. 26. Feb 28, 2022 · The following language example is taken from a review of existing AAUP policies, contracts, and policy statements. Intellectual Property Rights Clause: The Intellectual Property Rights (IPR) Clause is a provision in a contract that outlines the ownership, use, and protection of intellectual property rights related to the transaction. Intellectual Property Indemnification. An IP assignment agreement is a contractual agreement which facilitates the transfer of IP from one party to another. Non-Competition Clause Examples. Service Provider and its Affiliates shall be, and shall remain, the sole and exclusive owners of all Service Provider Intellectual Property. 3. (i) Optional when using simplified acquisition procedures; and. (4th) 196). This agreement ensures that any intellectual property created or identified during the tenure of employment is rightfully owned by Intellectual Property Rights. Seller grants to Buyer an irrevocable, nonexclusive, sublicensable Ownership of work product clause samples. 01 The final sentence of Section 9. To help, we’ve set up a hypothetical deal below to highlight the key points. yq ii gj tz eg sc zl cl vo kj