Common use of Independent Development Clause in Contracts

Independent Development. Either party has the right to independently develop software or services that would compete with the other party’s software or services without the use of the other party’s Confidential Information. Either party will be free to use for any purpose the Residuals resulting from access to or work with the Disclosing Party’s Confidential Information. Neither party will have any obligation to limit or restrict the assignment of such persons or to pay fees or royalties for any work resulting from the use of Residuals. However, nothing in this subsection will be deemed to grant to either party a license under the other party’s copyrights or patents.