Common use of GRANT BY INSTITUTE Clause in Contracts

GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, INSTITUTE hereby grants to TIC during the Term and in the Territory, and TIC hereby accepts an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this Agreement, INSTITUTE will not use, or authorize, license or permit any person other than TIC to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC in the FOU. TIC is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC that are reasonably anticipated or calculated to enhance TIC's market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's rights shall include the rights:

GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, the INSTITUTE hereby grants to TIC TIS during the License Term and in the Territory, and TIC TIS hereby accepts accepts, an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this AgreementLicense Term, the INSTITUTE will not use, or authorize, license or permit any person other than TIC TIS to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC TIS in the FOU. TIC TIS is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC TIS that are reasonably anticipated or calculated to enhance TIC's TIS’s market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's TIS’s rights shall include the rights:

GRANT BY INSTITUTE. Subject to the terms and conditions set forth in this Agreement, the INSTITUTE hereby grants to TIC during the License Term and in the Territory, and TIC hereby accepts accepts, an exclusive license to use the INSTITUTE Technology in the FOU. During the term of this AgreementLicense Term, the INSTITUTE will not use, or authorize, license or permit any person other than TIC to use the INSTITUTE Technology to develop or offer any mapping or survey services or products for commercial use or other similar products or services which would, in any manner, compete with TIC in the FOU. TIC is specifically permitted to use, reproduce, distribute, and prepare derivative works of the INSTITUTE Technology, and to sublicense such portion of its rights to affiliated entities of TIC that are reasonably anticipated or calculated to enhance TIC's ’s market value or to further its business plan, without further compensation to the INSTITUTE, provided such entities acknowledge, in writing, and agree to comply with, such material provisions hereof as are designed to protect the ownership rights of the INSTITUTE, and the confidentiality of the confidential and/or proprietary information of the INSTITUTE. Without limitation, TIC's ’s rights shall include the rights: