Common use of Grant of License to Licensee Clause in Contracts

Grant of License to Licensee. Subject to Section 2.2, NetRatings hereby grants to Licensee, subject to the terms and conditions of this Agreement, a limited, non-exclusive, non-transferable (except in accordance with Section 14) royalty-bearing world-wide license under the NetRatings Patents during the Term to make (including the right to practice methods, processes and procedures), have made, Distribute, and have Distributed the Licensed Products (the “License"), and to grant sublicenses (in accordance with Section 2.4). The License granted hereunder shall be in effect during the Term if and only if Licensee is at all times in full compliance with the terms and conditions of this Agreement. After all payments required under Sections 3.1(i) and 3.1(ii) have been paid in full, no further royalty fees will be due and the License will be fully paid-up.

Appears in 2 contracts

Sources: Settlement and Patent Cross License Agreement (Omniture, Inc.), Settlement and Patent Cross License Agreement (Visual Sciences, Inc.)