Or, if both parties agree by written consent to terminate the relationship unconditionally. In principle, this section describes how parties can opt out when sh*t meets the fan. e. The Customer undertakes to retain or reproduce on all copies of the Contractor`s property all copyrights and other proprietary legends, as well as any trademarks or service marks of the Contractor or third parties. This provision describes who owns the intellectual property (IP) created from the service. As a general rule, the parties retain any IP they contribute. For example, the service provider maintains the IP for its process and the customer keeps its IP that is used to complete the service (i.e. the logo of the company used to make T-shirts). In addition, the customer usually obtains an exclusive revocable license for the use/sale of the IP for the duration of the relationship.
It`s important to make sure your business doesn`t inadvertently transfer IP to the service provider. Most service contracts contain similar terms and agreements. An accurate description of the services gives the client a clear idea of what awaits them and lets the service provider know what is expected of them. . . .
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