Common use of INT'X Clause in Contracts

INT'X. xxx Intellectual Property consists solely of items and rights that are either: (i) owned solely by INT'X.xxx; (ii) in the public domain; or (iii) rightfully used and authorized for use by INT'X.xxx pursuant to a valid license. All INT'X.xxx Intellectual Property that consists of license or other rights to third party property is separately set forth in Section 3.5 of the INT'X.xxx Disclosure Schedule. INT'X.xxx has all rights in INT'X.xxx Intellectual Property necessary to carry out INT'X.xxx's, and each of its Subsidiaries', current activities, their activities conducted by them since January 1, 1999 and their future activities planned for 2000, including without limitation rights to make, use, exclude others from using, reproduce, modify, adapt, create derivative works based on, translate, distribute (directly and indirectly), transmit, display and perform publicly, license, rent, lease, assign and sell INT'X.xxx Intellectual Property in all geographic locations and fields of use, and to sublicense any or all such rights to third parties, including the right to grant further sublicenses.