Common use of Licence of Intellectual Property Rights Clause in Contracts

Licence of Intellectual Property Rights. ‌ Each Party shall license its Intellectual Property Rights to the other Party on a non-exclusive, royalty-free, non-transferable basis with the right to grant sub-licences (including after termination or expiry of the Agreement), for the DPA Counterparty Permitted Purposes and the Generator Permitted Purposes (as the case may be).

Licence of Intellectual Property Rights. ‌ Each Party shall license its Intellectual Property Rights to the other Party on a non-exclusive, royalty-free, non-transferable basis with the right to grant sub-licences (including after termination or expiry of the Agreement), for the DPA ICC Contract Counterparty Permitted Purposes and the Generator Emitter Permitted Purposes (as the case may be).