Provider Owns IP Contract Clause

Intellectual Property

1. Definition of Intellectual Property Rights: "Intellectual Property Rights" means copyrights, trademarks (including logos), patents, patent disclosures and inventions (whether patentable or not), trade secrets, know-how, and other confidential information, trade dress, trade names, symbols, logos, and designs, together with all goodwill, registrations and applications related to the foregoing.

2. Work Product: "Work Product" means all materials, products and deliverables developed or prepared for Client by Provider in performing the Services, including inventions (whether patentable or not), works of authorship, programs, manuals, improvements, developments, tools, designs, drawings, materials, information and other work product.

3. Ownership: All Work Product and Intellectual Property Rights therein shall be the sole and exclusive property of Provider. Client hereby irrevocably assigns and transfers to Provider all of its right, title and interest in and to all Work Product and Intellectual Property Rights therein. Client shall execute such documents, render such assistance, and take such other action as Provider may reasonably request to more effectively vest in Provider the rights granted to Provider in this Agreement.

4. Notwithstanding the foregoing, Provider grants Client a perpetual, irrevocable, worldwide, royalty-free, non-exclusive licence to use the Work Product for the purpose for which it was provided by Provider.