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Intellectual Property Agreement

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EXHIBIT 10.16


EXECUTION COPY


INTELLECTUAL PROPERTY AGREEMENT


BETWEEN


TIME WARNER ENTERTAINMENT COMPANY, L.P.


AND


WARNER COMMUNICATIONS INC.


TABLE OF CONTENTS


Page
---- 1. DEFINITIONS.......................................................................................1


1.1 "Affiliate"..............................................................................2
1.2 "Ancillary Agreements"...................................................................2
1.3 "Authorization"..........................................................................2
1.4 "Authorized Person"......................................................................2
1.5 "Closing"................................................................................2
1.6 "Content"................................................................................2
1.7 "Copyright and Technology Assignment"....................................................2
1.8 "Copyrights".............................................................................2
1.9 "Customer-Related Proprietary Information"...............................................3
1.10 "Derivative Work"........................................................................3
1.11 "Existing TWE Broadband Group Patents"...................................................3
1.12 "Existing TWE Non-Broadband Group Patents"...............................................3
1.13 "Governmental Authority".................................................................3
1.14 "Group"..................................................................................3
1.15 "Holdco".................................................................................3
1.16 "HSR Act" ...............................................................................3
1.17 "IPR Futures"............................................................................3
1.18 "Joint Patents"..........................................................................3
1.19 "Licensee" ..............................................................................3
1.20 "Licensor"...............................................................................3
1.21 "Parties"................................................................................4
1.22 "Patents"................................................................................4
1.23 "Patent Assignment"......................................................................4
1.24 "Person".................................................................................4
1.25 "Proprietary Information"................................................................4
1.26 "Restructuring Agreement"................................................................4
1.27 "Software"...............................................................................4
1.28 "Subsidiary".............................................................................4
1.29 "Third Party" ..........................................................................4
1.30 "Trademark"..............................................................................5
1.31 "Trademark and Service Mark Assignment"..................................................5
1.32 "Transaction Expenses"...................................................................5
1.33 "TWE"....................................................................................5
1.34 "TWE Broadband Business".................................................................5
1.35 "TWE Broadband Group"....................................................................5
1.36 "TWE Broadband Group Content"............................................................5
1.37 "TWE Broadband Group Proprietary Information"............................................5
1.38 "TWE Broadband Group Software"...........................................................5
1.39 "TWE Broadband Group Trademarks".........................................................5
1.40 "TWE Broadband IP Licenses"..............................................................5
1.41 "TWE Broadband Member"...................................................................6


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Page
----
1.42 "TWE Broadband Technology Licenses"......................................................6
1.43 "TWE Distribution Agreement".............................................................6
1.44 "TWE Non-Broadband Business".............................................................6
1.45 "TWE Non-Broadband Group"................................................................6
1.46 "TWE Non-Broadband Group Content"........................................................6
1.47 "TWE Non-Broadband Group Proprietary Information"........................................7
1.48 "TWE Non-Broadband Group Software".......................................................7
1.49 "TWE Non-Broadband IP Licenses"..........................................................7
1.50 "TWE Non-Broadband Member"...............................................................7
1.51 "TWE Non-Broadband Technology Licenses"..................................................8
1.52 "TWE Non-Broadband Group Trademarks".....................................................8


2. SOFTWARE..........................................................................................8


2.1 Existing Software Ownership..............................................................8
2.2 Allocation of Software Ownership Within a Group..........................................8
2.3 Software License Grants..................................................................8
2.4 Furnishing of Software...................................................................9
2.5 Subsequent Derivative Works..............................................................9
2.6 Confidentiality of Software..............................................................9
2.7 No Contravention Of Existing License Agreements..........................................9


3. PROPRIETARY INFORMATION..........................................................................10


3.1 Ownership of Existing Proprietary Information...........................................10
3.2 Allocation of Proprietary Information Within a Group....................................10
3.3 License Grants for Proprietary Information..............................................10
3.4 Confidentiality Obligations.............................................................11
3.5 Limitations on Confidentiality Restrictions.............................................11
3.6 Compelled Production....................................................................12
3.7 Furnishing of Proprietary Information...................................................12
3.8 No Contravention Of Existing License Agreements.........................................12
........................................................................................12


4. CONTENT..........................................................................................12


4.1 Existing Content Ownership..............................................................12
4.2 Allocation of Content Within a Group....................................................13
4.3 No rights in TWE Non-Broadband Group Content............................................13


5. PATENTS..........................................................................................13


5.1 Ownership of Existing Patents...........................................................13
5.2 License to Existing Patents.............................................................13
5.3 Customer Pass-Through...................................................................14


6. JOINTLY OWNED PATENTS............................................................................14


6.1 Rights as Joint Owners..................................................................14
6.2 Obtaining Patent Protection.............................................................14


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Page
----
6.3 Infringement by Third Parties...........................................................15


7. TRADEMARKS.......................................................................................15


7.1 Ownership of Trademarks.................................................................15
7.2 Allocation of Trademarks Within a Group.................................................16
7.3 No rights in TWE Non-Broadband Group Trademarks.........................................16


8. IPR FUTURES AND ISSUES OF OWNERSHIP..............................................................16


8.1 Ownership Unaffected by this Agreement..................................................16
8.2 No Rights or Licenses Granted...........................................................17
8.3 Issues as to Ownership..................................................................17


9. ASSIGNMENT AND SUBLICENSES.......................................................................17


9.1 Assignment Agreements...................................................................17
9.2 Assignment of TWE Non-Broadband IP Licenses.............................................17
9.3 Assignment of TWE Broadband IP Licenses.................................................18
9.4 Sublicense of TWE Non-Broadband Technology Licenses.....................................18
9.5 Sublicense of TWE Broadband Technology Licenses.........................................18
9.6 Acquisition of Subsidiary by Holdco.....................................................18
9.7 Failure of Assignment...................................................................19
9.8 Order of Precedence.....................................................................19


10. ASSIGNMENT/SUBLICENSING..........................................................................20


10.1 Assignments.............................................................................20
10.2 Sublicense Rights.......................................................................21


11. INFRINGEMENT.....................................................................................21


12. NO WARRANTIES OR REPRESENTATIONS.................................................................21


13. GOVERNING LAW; IP CLAIMS.........................................................................21


13.1 Choice of Law...........................................................................21
13.2 Intellectual Property Rights............................................................22
13.3 Equitable Remedies......................................................................22
13.4 Bankruptcy..............................................................................22


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Page
---- 14. NOTICE...........................................................................................22


15. FURTHER DUE DILIGENCE............................................................................24


16. FEES AND EXPENSES................................................................................24


17. MISCELLANEOUS....................................................................................24


17.1 No Other Rights.........................................................................24
17.2 No Enforcement Against Third-Party......................................................24
17.3 Further Assurances......................................................................24
17.4 Rules of Construction...................................................................25
17.5 Amendments..............................................................................25
17.6 No Waiver...............................................................................25
17.7 Third Party Beneficiaries...............................................................26
17.8 Force Majeure...........................................................................26
17.9 Counterparts............................................................................26
17.10 Severability............................................................................26
17.11 Entire Agreement........................................................................26


iv


SCHEDULE A Excluded TWE Broadband Group Software


SCHEDULE B TWE Broadband Group Patents


SCHEDULE C Excluded TWE Broadband Group Patents


SCHEDULE D TWE Non-Broadband Group Patents


SCHEDULE E Excluded TWE Broadband Group Trademarks


EXHIBIT I Copyright and Technology Assignment


EXHIBIT II Patent Assignment


EXHIBIT III Trademark and Service Mark Assignment


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INTELLECTUAL PROPERTY AGREEMENT


This Intellectual Property Agreement (the "Agreement"), dated as of August 20, 2002 is by and among Time Warner Entertainment Company, L.P., a Delaware limited partnership ("TWE") and Warner Communications Inc., a Delaware corporation ("Holdco") (together, the "Parties"). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article 1.


WHEREAS, the TWE Broadband Group and the TWE Non-Broadband Group desire to establish the rights and licenses each enjoys in certain intellectual property;


WHEREAS, effective concurrently with the TWE Distribution (as defined in the Restructuring Agreement), TWE desires to assign and transfer to Holdco all of its rights, title and interest in any and all intellectual property owned by TWE related to the TWE Non-Broadband Business as provided in the Patent Assignment, the Copyright and Technology Assignment, and the Trademark and Service Mark Assignment;


WHEREAS, effective concurrently with the TWE Distribution, TWE further desires to assign and transfer to Holdco all TWE Non-Broadband IP Licenses, together with the rights and licenses granted to the TWE Non-Broadband Group pursuant to this Agreement, as provided herein;


WHEREAS, effective immediately following the TWE Distribution, Holdco desires to assign and transfer to TWE all of its rights, title and interest in any and all intellectual property owned by Holdco related to the TWE Broadband Business as provided in the Patent Assignment, the Copyright and Technology Assignment, and the Trademark and Service Mark Assignment;


WHEREAS, effective immediately following the TWE Distribution, Holdco further desires to assign and transfer to TWE all TWE Broadband IP Licenses, together with the rights and licenses granted to the TWE Broadband Group pursuant to this Agreement, as provided herein; and


WHEREAS, the Parties desire to enter into this Agreement.


NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:


1. DEFINITIONS


For the purposes of this Agreement, certain terms have been defined below and elsewhere in this Agreement to encompass meanings that may differ from, or be in addition to, the normal connotation of the defined word.


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1.1 "Affiliate" of any Person shall mean a Person that controls, is controlled by, or is under common control with such Person. As used herein, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through ownership of voting securities or other interests, by contract or otherwise; and provided further, that, unless otherwise specified, for purposes of this Agreement, no TWE Broadband Member or TWE Non-Broadband Member shall be deemed to be an Affiliate of the other Group.


1.2 "Ancillary Agreements" shall mean the Copyright and Technology Assignment, the Patent Assignment and the Trademark and Service Mark Assignment.


1.3 "Authorization" shall mean any waiver, amendment, consent, approval, license, franchise, permit (including construction permits) certificate, exemption, variance or authorization of, expiration or termination of any waiting period requirement (including pursuant to the HSR Act) or other action by, or notice, filing registration, qualification, declaration or designation with any Person (including any Governmental Authority).


1.4 "Authorized Person" shall have the meaning set forth in Section 3.4.1.


1.5 "Closing" shall have the meaning set forth in the Restructuring Agreement.


1.6 "Content" shall mean all works of authorship and products commonly understood as content in the entertainment, media, music and publishing industries, including products such as programming content, motion pictures, television programs and other audiovisual works or series, advertising and promotional materials, photographs, illustrations, images and other pictorial, graphic and sculptural works, dramatic works, choreographic works, sound recordings, musical compositions, books, articles and other publications, characters, animation, cartoons, video games, scripts, storyboards, titles, screenplays, synopses, plots, dialogue, stories, themes, treatments and other text, in any media, whether digital or otherwise, and any ideas, concepts or information contained therein, all copies, phonorecords and other physical materials embodying any of the foregoing, any materials used in the preparation, development, promotion or advertising thereof and merchandise related thereto, in each case, whether or not protectable by Copyright, and all Copyrights, licenses and interests in Copyrights in and to any of the above. The list of items included in the above definition of Content is intended by way of example only and is not to be construed in any manner as an exhaustive or complete list of items covered by the definition of Content. Content does not include Software, Proprietary Information or Trademarks, and does not include any Software that is used to create Content.


1.7 "Copyright and Technology Assignment" shall mean that certain Copyright and Technology Assignment contemporaneously executed by TWE and Holdco in the form attached hereto as Exhibit I.


1.8 "Copyrights" shall mean all copyrights and related rights and interests in copyrights and related rights, moral rights, licenses and all other rights, privileges and priorities relating to any works of authorship or any subject matter protected by related


2


rights, including all works of authorship under Section 102 of Title 17 of the United States Code, under the copyright and related rights laws of every country and jurisdiction throughout the world, now or hereafter known, whether registered or unregistered, for their entire term of protection, including all extensions, licenses, renewals or reversions thereof.


1.9 "Customer-Related Proprietary Information" shall have the meaning set forth in Section 3.1.


1.10 "Derivative Work" shall mean a work which is based upon one or more preexisting works, and which is a derivative work, including any revision, modification, translation, abridgment, condensation, expansion, collection, compilation, or any other form in which such preexisting works may be recast, transformed, or adapted, and which, if prepared without authorization by the owner of a preexisting work, would constitute Copyright infringement.


1.11 "Existing TWE Broadband Group Patents" shall have the meaning set forth in Section 5.1.1.


1.12 "Existing TWE Non-Broadband Group Patents" shall have the meaning set forth in Section 5.1.2.


1.13 "Governmental Authority" shall have the meaning set forth in the Restructuring Agreement.


1.14 "Group" shall mean either of the TWE Broadband Group or the TWE Non-Broadband Group, as the context requires.


1.15 "Holdco" shall have the meaning set forth in the Preamble.


1.16 "HSR Act" shall have the meaning set forth in the Restructuring Agreement.


1.17 "IPR Futures" shall have the meaning set forth in Section 8.1.1.


1.18 "Joint Patents" shall have the meaning set forth in Section 5.1.3.


1.19 "Licensee" shall mean a Party receiving a license of any intellectual property hereunder.


1.20 "Licensor" shall mean a Party licensing any intellectual property hereunder.


1.21 "Mystro Business" shall mean the personal television service under development by AOLTW Interactive Video, Inc., a Delaware corporation and the TWE Non-Broadband Group, which service is a network-based cable television service that offers customized television viewing, including but not limited to, pausing live broadcasts, re-starting television programs, fast-forwarding and rewinding television programs and simultaneously recording multiple television programs.


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1.22 "Mystro Patents" shall have the meaning set forth in Section 5.1.1.


1.23 "Mystro Proprietary Information" shall have the meaning set forth in Section 3.1.1.


1.24 "Mystro Software" shall have the meaning set forth in Section 2.1.1.


1.25 "Parties" shall have the meaning assigned to it in the Preamble.


1.26 "Patents" shall mean patents and patent applications, all foreign counterparts, continuations, divisions, reissues, reexaminations and renewals of such patents and patent applications, all prosecution files and databases for such patents and patent applications and all inventions created or first reduced to practice as of the Closing on which a patent later issues.


1.27 "Patent Assignment" shall mean that certain Patent Assignment contemporaneously executed by TWE and Holdco, in the form attached hereto as Exhibit II.


1.28 "Person" shall have the meaning set forth in the Restructuring Agreement.


1.29 "Proprietary Information" shall mean (i) business and technical information, including ideas, data, knowledge, trade secrets, know-how and algorithms, existing as of the Closing, which is proprietary and/or that derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy and (ii) all physical manifestations of the business and technical information described in the preceding clause (i), including documents, specifications, designs, plans, records, drawings and databases. Proprietary Information does not include any Content or Software.


1.30 "Restructuring Agreement" shall mean the Restructuring Agreement, dated as of the date hereof, by and among, AOL Time Warner Inc., a Delaware corporation, AT&T Corp., a New York corporation, Comcast Corporation, a Pennsylvania corporation, and the other parties named therein.


1.31 "Software" shall mean computer programs, including all source code or object code, and (i) all intellectual property rights, including Patent rights and Copyrights embodied therein, (ii) all physical manifestations thereof, including storage media and (iii) all documentation related thereto. Software does not include any Content, even though Software and Content may be combined or contained in the same media.


1.32 "Subsidiary" shall have the meaning set forth in the TWE Distribution Agreement.


1.33 "Third Party" shall mean any Person other than a member of a Group.


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1.34 "Trademark" shall mean any word, name, corporate name, trade name, domain name (including, without limitation, IP addresses and ASNs), logo, design, mark, trademark, service mark, symbol, device, trade dress, any common law marks, trademark or service mark application or registration, or any other indicia of origin or any combination thereof and all goodwill associated therewith.


1.35 "Trademark and Service Mark Assignment" shall mean that certain Trademark and Service Mark Assignment contemporaneously executed by TWE and Holdco in the form attached hereto as Exhibit III.


1.36 "Transaction Expenses" shall mean with respect to any Party, all out-of-pocket expenses (including, without limitation, all fees and expenses of counsel, accountants, investment bankers, experts, consultants or agents to such Party or any of its Affiliates and including governmen
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