Intellectual Property Clause Service Agreement Template
September 23, 2021
In license agreements, the intellectual property clause explicitly states that the only intellectual property rights that change ownership are those specifically granted in the licensing clause. A licence is not a transfer, sale or assignment, it has no influence on ownership; the licensee is not the owner of the intellectual property granted to him, the licensor reserves ownership. The intellectual property clause contained in a license is intended to clarify that the license is only a license, that it does not affect the ownership of the licensor`s intellectual property, and that any goodwill existing in the IP granted or goodwill accumulated during the agreement benefits the licensor, not the licensee (Goodwill`s “ownership” is the most important in the grant of the trademark). .