Changes. “modifications” means any additions, updates, improvements, bug fixes, new versions or other modifications to the Licensed Intellectual Property made by either party during the course of this Agreement; This is a favourable agreement (“agreement”) between the end customer (“you”) and heimdall`s supplying company (the providing company is hereinafter referred to as “HEIMDALL”). The place of receipt of the heimdall product (hereinafter referred to as “PRODUCT”) and maintenance of the software (hereinafter “MAINTENANCE”) is determined by the supply unit under this Agreement. Heimdall Data, Inc., a Delaware corporation, licensed and maintained. Heimdall Data is an optimized, secure and highly available data access platform for enterprise applications. BY INSTALLING AND/OR USING THE PRODUCT, YOU AGREE TO THE TERMS OF THIS AGREEMENT. IF YOU DO NOT AGREE TO THE TERMS OF THIS AGREEMENT, DO NOT INSTALL EACH PARTY RETAINS THE INTELLECTUAL PROPERTY. Subject to the following paragraph [LICENSE TO PARTY A], each party retains the exclusive interest and ownership of its intellectual property developed prior to this Agreement or outside the scope of this Agreement. The software license agreement is displayed in the [license agreement] dialog box. No impact on the interests of [PARTY A]. The right, title and interest of [PARTY B] in and to such modifications and other intellectual property rights that develop during the term of and in connection with this Agreement shall not affect [PARTY A`s] exclusive interest and ownership of the underlying intellectual property. In addition, the clause can specify how changes should be made to the licensed IP address. 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.

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