Common use of Licensing of Intellectual Property Clause in Contracts

Licensing of Intellectual Property. Effective upon occurrence of a License Trigger Event, TalkPoint will grant Moneyline, subject to any licenses, (other than with respect to the Financial Services Industries) granted by TalkPoint which are then in effect, a non-exclusive, paid up, royalty-free, perpetual, worldwide, irrevocable license, with the right to sublicense, under all Intellectual Property then owned by TalkPoint or to which TalkPoint otherwise has the right to grant licenses, to make, have made, sell, offer to sell, copy, modify, distribute and otherwise use the TalkPoint Products.