Common use of Intellectual Property; Computer Software Clause in Contracts

Intellectual Property; Computer Software. (a) The Company and its Subsidiaries own or otherwise hold the right to use all Intellectual Property Rights necessary for the conduct of the business of the Company and its Subsidiaries as currently conducted or as formerly conducted by the Company or any of its Subsidiaries and to sublicense any or all such rights to third parties, including the right to grant further sublicenses to customers with respect to the sale, distribution or licensing of the Company’s Software Products (the “Necessary IP Rights”). The consummation of the transactions contemplated by this Agreement will not alter, restrict, encumber, impair or extinguish any Necessary IP Rights.

Intellectual Property; Computer Software. (a) The Company and its Subsidiaries own or otherwise hold the right to use (i) all Intellectual Property Rights necessary for the conduct of the business of the Company and its Subsidiaries as currently conducted or conducted, and (ii) all Intellectual Property Rights to the Company’s knowledge in existence, and necessary for the conduct of the business of the Company and its Subsidiaries as formerly currently proposed to be conducted by the Company or any of its Subsidiaries and to sublicense any or all such rights to third parties, including the right to grant further sublicenses to customers with respect to the sale, distribution or licensing of the Company’s Software Products (the “Necessary IP Rights”). The consummation of the transactions contemplated by this Agreement will not (i) alter, restrict, encumber, impair or extinguish any Necessary IP Rights, or (ii) result in the creation of any Lien with respect to any of the Intellectual Property Rights owned or otherwise held by the Company or any of its Subsidiaries.