Common use of By MTS Clause in Contracts

By MTS. MTS hereby grants to the Recipient a non-exclusive, royalty-free license during the Term, to use the Software for the purposes of using the Services. The Recipient can use the Licence solely in its own country of incorporation (i.e., The Czech Republic, the Territory) and solely for the purpose of the performance of its duties of organization, management, and administration of the TRS Segment for its own Territory government securities. MTS will provide and/or make available to the Primary Dealer or the Primary Dealer’s authorized employees, the necessary Software, licenses or access permissions to allow said Primary Dealer to access the System and related Services under this license. The Recipient shall have no right to use the MTS Technology for any purpose other than as provided in this Clause 7, nor for any unlawful purpose. Unless otherwise agreed, to the extent that the Recipient or its employees or contractors participate in the development of MTS Technology, the Recipient, on behalf of itself and its employees and contractors, hereby assign to MTS all right, title and interest, including all Intellectual Property Rights, in the MTS Technology.