1.5 All information disclosed pursuant to this Agreement shall remain the property of the Disclosing Party and nothing herein shall be deemed as granting to the Receiving Party any express or implied license or right under any patents, copyrights or other intellectual property rights of the Disclosing Party.1.6 After the termination of this Agreement all information disclosed hereunder in written or tangible form shall be promptly returned to the Disclosing Party or destroyed upon written request at the option of the Disclosing Party.1.7 The provisions as set forth herein shall survive the termination of this Agreement for a period of five years.