Common use of Distribution License Clause in Contracts

Distribution License. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee, under all of Licensor's intellectual property rights in and to the Licensed Software, a worldwide, non-exclusive, non-transferable (except as provided in Section 11.1 below) license to distribute copies, in Object Code format only, of the Licensed Software and/or Derivative Works only as incorporated into the Licensee Products. Except as expressly provided in Section 2.4 below, Licensee shall have no right to sublicense the rights granted under this Section 2.3