Common use of Existing ERS Intellectual Property Clause in Contracts

Existing ERS Intellectual Property. ERS shall remain the sole and exclusive owner of all right, title and interest in and to, all of the Existing ERS Intellectual Property. ERS hereby grants to Stepan an [***]. The [***] license set forth above shall not limit ERS’s own use of, or exercise of rights with respect to, Existing ERS Intellectual Property (i) in accordance with its activities hereunder, or (ii) outside of the scope of the license set forth above.