Common use of Restrictions and Obligations Clause in Contracts

Restrictions and Obligations. The Company may exercise, transfer, or license each material item of Company Intellectual Property Rights, including each material item of Company Registered Intellectual Property Rights without restriction or payment to a third party. The Company is not obligated to transfer or license any material item of Company Intellectual Property Rights to a third party.

Restrictions and Obligations. The Company may exercise, transfer, or license each material item of Company Intellectual Property Rights, including each material item of Company Registered Intellectual Property Rights without restriction or payment to a third partyPerson. The Company is not obligated to transfer or license any material item of Company Intellectual Property Rights to a third partyPerson other than in connection with provision of the Company Products pursuant to the Company’s standard customer agreement, a true and complete copy of which has been made available to Parent.