Common use of Pre-Existing Intellectual Property Rights Clause in Contracts

Pre-Existing Intellectual Property Rights. Notwithstanding anything else contained in this Agreement, Affirm shall retain ownership of Affirm Pre-Existing IP, and Shopify shall retain ownership of Shopify Pre-Existing IP; provided, however, Affirm grants to Shopify a limited, non-exclusive, non-transferable, non-sublicensable and revocable license, during the Term and through the end of the Orderly Transition as set forth in Section 11.7, to the Affirm Pre-Existing IP that the Parties mutually agree is to be included in or otherwise used in connection with a Program.

Appears in 3 contracts

Sources: Global Customer Installment Program Agreement (Affirm Holdings, Inc.), Customer Installment Program Agreement (Affirm Holdings, Inc.), Customer Installment Program Agreement (Affirm Holdings, Inc.)