Common use of Grant of Software License Clause in Contracts

Grant of Software License. In further consideration for the Services to be provided by PI pursuant to this Agreement, each Company hereby grants to PI, a perpetual, irrevocable, non-terminable, transferable, and nonexclusive worldwide license (as to each Company, its "Software License") to use, reproduce, exploit, sell services from, sublicense, operate, alter, modify, adapt, distribute, create derivative works from, display and access all of the software, software programs, and software systems that are currently used by such Company, either directly or through its Division (including without limitation the software known as "Super Search") (collectively, for each Company, its "Software"), as more fully identified on EXHIBIT B, and including the right to create derivative and advanced works and the right to sublicense use of the Software to other third parties. In addition, in furtherance of the purposes and provisions of this Agreement (including without limitation Article VIII), each Company hereby grants to each of the other Companies a Software License to use, reproduce, exploit, sell services from, sublicense, operate, alter, modify, adapt, distribute, create derivative works from, display and access all of its Software, and including the right to create derivative and advanced works and the right to sublicense use of the Software to other third parties. All right, title and interest, including copyright, in the derivative works created by or at the direction of PI, as between PI and the Companies, shall be owned by PI.