8 Property Rights

The property rights in the Software and other materials and all other intellectual property rights related to the Adyen Services are owned by Adyen and its licensors. The Merchant Agreement does not transfer any intellectual property rights with respect thereto and only provides Merchant a limited, non-exclusive and non-transferable license to use the Software and all other materials made available by Adyen solely for the purpose of using the Services in accordance with these terms and the applicable usage instructions communicated to Merchant via the Adyen website from time to time.