Common use of Grant and Reservation of Rights Clause in Contracts

Grant and Reservation of Rights. 3.1 The Institution hereby grants and the IC accepts, subject to the terms and conditions of this Agreement, an exclusive license including the right to sublicense, under the Patent Rights to make and have made, to use and have used, to sell and have sold, to offer to sell, and to import any tangible embodiment of the Patent Rights and to practice and have practiced any process(es) included within the Patent Rights. 3.2 The Government shall have the irrevocable, royalty-free, paid-up right to practice and have practiced the Patent Rights throughout the world by or on behalf of the Government and on behalf of any foreign government or international organization pursuant to any existing or future treaty or agreement to which the Government is a signatory.

Grant and Reservation of Rights. 3.1 The Institution hereby grants and the IC accepts, subject to the terms and conditions of this Agreement, an exclusive license including the right to sublicense, under the Patent Rights to make and have made, to use and have used, to sell and have sold, to offer to sell, and to import any tangible embodiment of the Patent Rights and to practice and have practiced any process(es) included within the Patent Rights. 3.2 . The Government shall have the irrevocable, royalty-free, paid-up right to practice and have practiced the Patent Rights throughout the world by or on behalf of the Government and on behalf of any foreign government or international organization pursuant to any existing or future treaty or agreement to which the Government is a signatory.