Common use of Grant of License; Exclusivity Clause in Contracts

Grant of License; Exclusivity. (a) Subject to the terms and conditions of this Agreement, UL hereby grants to Licensee, and Licensee accepts from UL, a limited, non-transferable (subject to Section 14), exclusive (even as to UL or any other Person), non-terminable (except as set forth herein), royalty-free, fully paid-up right and license for Licensee to use the Licensed Brand Assets during the Term and throughout the Territory in the Research Field of Use. (b) During the Term, UL covenants that it shall not, nor shall it authorize its Affiliates or any other Person (except to the extent set forth in this Agreement) to use for any purpose: (i) the Licensed Brand Assets (other than the UL Masterbrand) or (ii) the UL Masterbrand (or any mark that contains the UL Masterbrand) in the color Bright Blue (CMYK: 100/71/0/2, Pantone: 2145, RGB: 10/50/255, Hex: 0A32FF) of the Licensed Mark or any confusingly similar color not expressly permitted within the Brand Guidelines color palette. Notwithstanding the foregoing, (A) UL may use the Licensed Brand Assets to convey the Parties’ relationship and in any co-branding scenario with Licensee and/or ULSE Inc. or their respective Affiliates, and (B) Licensee may use the UL SOLUTIONS logo mark to convey the Parties’ relationship and in any co-branding scenario with UL and/or ULSE Inc. or their respective Affiliates.

Grant of License; Exclusivity. (a) Subject to the terms and conditions of this Agreement, UL hereby grants to Licensee, and Licensee accepts from UL, a limited, non-transferable (subject to Section 14), exclusive (even as to UL or any other Person), non-terminable (except as set forth herein), royalty-free, fully paid-up right and license for Licensee to use the Licensed Brand Assets during the Term and throughout the Territory in the Research Standards Field of Use. (b) During the Term, UL covenants that it shall not, nor shall it authorize its Affiliates or any other Person (except to the extent set forth in this Agreement) to use for any purpose: (i) the Licensed Brand Assets (other than the UL Masterbrand) or (ii) the UL Masterbrand (or any mark that contains the UL Masterbrand) in the color Bright Blue Green (CMYK: 100/71/0/281/0/93/0, Pantone: 21457481, RGB: 10/50/2550/164/81, Hex: 0A32FF00A451) of the Licensed Mark or any confusingly similar color not expressly permitted within the Brand Guidelines color palettepalette (except for any environment or sustainability related marks and badges. Notwithstanding the foregoing, (A) UL may use the Licensed Brand Assets to convey the Parties’ relationship and in any co-branding scenario with Licensee and/or ULSE Underwriters Laboratories Inc. or their respective Affiliates, and (B) Licensee may use the UL SOLUTIONS logo mark to convey the Parties’ relationship and in any co-branding scenario with UL and/or ULSE Underwriters Laboratories Inc. or their respective Affiliates.

Grant of License; Exclusivity. (a) Subject to the terms and conditions of this Agreement, UL hereby grants to Licensee, and Licensee accepts from UL, a limited, non-transferable (subject to Section 14), exclusive (even as to UL or any other Person), non-terminable (except as set forth herein), royalty-free, fully paid-up right and license for Licensee to use the Licensed Brand Assets during the Term and throughout the Territory in the Research Standards Field of Use. (b) During the Term, UL covenants that it shall not, nor shall it authorize its Affiliates or any other Person (except to the extent set forth in this Agreement) to use for any purpose: (i) the Licensed Brand Assets (other than the UL Masterbrand) or (ii) the UL Masterbrand (or any mark that contains the UL Masterbrand) in the color Bright Blue Green (CMYK: 100/71/0/281/0/93/0, Pantone: 21457481, RGB: 10/50/2550/164/81, Hex: 0A32FF00A451) of the Licensed Mark or any confusingly similar color not expressly permitted within the Brand Guidelines color palettepalette (except for any environment or sustainability related marks and badges). Notwithstanding the foregoing, (A) UL may use the Licensed Brand Assets to convey the Parties’ relationship and in any co-branding scenario with Licensee and/or ULSE Underwriters Laboratories Inc. or their respective Affiliates, and (B) Licensee may use the UL SOLUTIONS logo mark to convey the Parties’ relationship and in any co-branding scenario with UL and/or ULSE Underwriters Laboratories Inc. or their respective Affiliates.