1. Introduction

This Intellectual Property Policy ("Policy") outlines the terms and conditions regarding the ownership, usage, and transfer of intellectual property rights for all logo designs and website designs created by Logo Cosmic ("Company"). This Policy is applicable to all clients ("Clients") who engage the Company for design services.

2. Ownership of Intellectual Property

All intellectual property rights, including but not limited to copyrights, trademarks, and any other proprietary rights in and to the designs created by the Company (the "Works"), shall remain the exclusive property of the Company until such rights are formally transferred to the Client in accordance with the terms outlined in this Policy.

3. Copyright and Transfer of Rights

3.1 Exclusive Rights: The Company retains exclusive copyrights to all Works produced for the Client, even after the payment of the service fees in full. The payment for design services does not constitute a transfer of copyright ownership.

3.2 Purchase of Copyrights: The transfer of copyrights to the Client is subject to a separate purchase agreement. Clients must negotiate and purchase the copyrights from the Company under specific terms and conditions agreed upon by both parties. The fee for the transfer of copyrights is independent of the fee paid for the design services.

4. Usage Restrictions

Clients are prohibited from modifying, distributing, sublicensing, or using the Works beyond the scope of the granted license without the prior written consent of the Company. Unauthorized use of the Works may result in legal action.

5. Payment and Fees

5.1 Design Service Fees: The fees for design services are payable in accordance with the terms set forth in the service agreement.

5.2 Copyright Purchase Fees: The fees for the transfer of copyrights must be negotiated separately and agreed upon in writing. The transfer of copyrights will only be effective upon full payment of the agreed-upon fee.

6. Termination and Revocation

The Company reserves the right to terminate or revoke the Client’s license to use the Works if the Client breaches any term of this Policy or the service agreement. Upon termination or revocation, the Client must cease all use of the Works and return or destroy all copies in their possession.

7. Indemnification

Clients agree to indemnify, defend, and hold harmless the Company from any claims, damages, losses, or expenses arising out of or related to the Client’s use of the Works, including but not limited to any claim that the use of the Works infringes on any third-party rights.

8. Governing Law

This Policy shall be governed by and construed in accordance with the laws of the United States of America, without regard to its conflict of law principles. Any disputes arising out of or relating to this Policy shall be resolved in the courts of the United States of America.

9. Amendments

The Company reserves the right to amend this Policy at any time. Any amendments will be communicated to the Clients and will become effective upon such notification.

10. Acceptance

By engaging the Company for design services, the Client acknowledges and agrees to be bound by the terms and conditions of this Policy.