Consultant Intellectual Property-Derivative Work. In the event that Work Product created by Consultant under the WOC is a derivative work based on Consultant Intellectual Property, or is a compilation that includes Consultant Intellectual Property, Consultant hereby grants to Agency an irrevocable, non-exclusive, non-transferable, perpetual, royalty-free license to use, reproduce, prepare derivative works based upon, distribute copies of, perform and display the pre-existing elements of Consultant Intellectual Property employed in the Work Product, including the right of Agency to authorize others to do the same on Agency’s behalf.
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Samples: Price Agreement, Price Agreement, Price Agreement