Common use of Licence of Existing Material Clause in Contracts

Licence of Existing Material. 11.3.1. This clause 11 [Intellectual Property] does not affect the ownership of any Intellectual Property Rights in any Existing Material. The Recipient, however, agrees to grant to the Department or procure a permanent, irrevocable, royalty-free, worldwide, non-exclusive licence (including a right of sub-licence) to use, reproduce, communicate, adapt and exploit the Intellectual Property Rights in Existing Material in conjunction with the Activity Material.

Appears in 1 contract

Sources: Funding Agreement

Licence of Existing Material. 11.3.1. This clause 11 [Intellectual Property] 9 does not affect the ownership of any Intellectual Property Rights in any Existing Material. The Recipient, however, agrees to grant to the Department Austrade or procure a permanent, irrevocable, royalty-free, worldwide, non-exclusive licence (including a right of sub-licence) to use, reproduce, communicate, adapt and exploit the Intellectual Property Rights in Existing Material in conjunction with the Activity Material.Material.β€Œ

Appears in 1 contract

Sources: Free Trade Agreement Market Entry Grant Funding Agreement