Common use of GRANT OF RIGHTS AND IMPOSITION OF OBLIGATIONS Clause in Contracts

GRANT OF RIGHTS AND IMPOSITION OF OBLIGATIONS. The rights granted in this Schedule do not entitle Licensee to use the Licensed Materials, or any technology or intellectual property contained within them, as reference or inspiration for developing or creating another product, tool or technology in any way based upon the Licensed Application. Licensee agrees that Licensee will not, by the terms of this Schedule, obtain any rights to any ideas or concepts embodied within the Licensed Materials which may be retained in intangible form by individuals who have had access to them.