Copyright Clause In Agreement


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In this article, we will discuss the main clauses of a copyright license agreement. Nothing in this agreement will be used to transfer intellectual property rights from either party to the other. Retain ownership of the licensed intellectual property rights. [PART A] retains all shares and ownership of the licensed intellectual property, with the exception of the rights granted [to PARTY B] in the “License Grant” section. The use of the intellectual property licensed by [PART B] and the accumulated goodwill shall be for the exclusive benefit of [PART A]. Dispute Resolution: This clause is useful in the event of a dispute between the parties in relation to a breach of the agreement or any other reason related to the license. Most agreements define the process to be followed in the event of a conflict between them. On the one hand, if the licensee modifies or improves the intellectual property, who owns that change? If the licensor is the owner, does the licensor have to “return” a license to the licensee to use this modification? On the other hand, if the licensor modifies or updates the intellectual property during the agreement (for example, when a new version of the licensed software is released), does the licensor automatically obtain a license for that modification or does it need to obtain a new license? The intellectual property clause deals with the ownership of any intellectual property related to the agreement, including the already existing intellectual property of each party. . . .