Joint IP Ownership Contract Clause

Intellectual Property

1. Intellectual Property Rights. "Intellectual Property Rights" means patents, utility models, rights to inventions, copyright and neighbouring and related rights, trademarks and service marks, business names and domain names, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets), and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.

2. Background IP. "Background IP" means all Intellectual Property Rights that are owned by or licensed to a party prior to the Effective Date or that are developed or acquired by a party independently of this Agreement.

3. Project IP. "Project IP" means all Intellectual Property Rights in the deliverables and other materials created in the performance of the