Common use of Rights Reserved to Licensor Clause in Contracts

Rights Reserved to Licensor. It is specifically understood and agreed that the grant of this exclusive license for the Territory during the Term is based upon the size and ability of the Contractor to provide and/or exploit the demand for the Subject Matter within the Territory in the Permitted Uses, and the nature and scope of the Territory has been determined accordingly. The Contractor further understands and agrees that the Licensor retains the right to grant exclusive licenses to other Contractors in other territories and to grant exclusive licenses to other parties in the Territory to utilize the Subject Matter for purposes other than in the Permitted Uses. The Licensor reserves the right to vary or otherwise modify the nature and scope of subsequent licenses granted to subsequent licensees to accommodate specific applications, territories, population considerations and other factors. The Contractor acknowledges and agrees that the Licensor shall not be obligated to prevent other of its licensees for the Permitted Uses from exploiting the Subject Matter in the Territory in the Permitted Uses.