Common use of LICENSE GRANT and TYPE Clause in Contracts

LICENSE GRANT and TYPE. Under this Agreement, Licensor grants to GE a non-exclusive, irrevocable, perpetual, transferable, worldwide license(s) to use and/or reproduce the Product as defined on the face of GE’s purchase Agreement (“Order Document”). Such License Grant supersedes any End User License Agreement, Shrinkwrap or Clickwrap terms in conflict therewith. At a minimum, GE shall always maintain the right to transfer the license to another GE business, subsidiary or affiliate. GE shall have the right to use, reproduce, and install, the Software in accordance with the License Type(s) specified on the Order Document. Definitions of the commonly-used License Type are as follows:

LICENSE GRANT and TYPE. Under this Agreement, Licensor grants to GE a non-exclusive, irrevocable, perpetual, transferable, worldwide license(s) to use and/or reproduce the Product as defined on the face of GE’s purchase Agreement (“Order Document”). Such License Grant supersedes any End User License Agreement, Shrinkwrap or Clickwrap terms in conflict therewith. At a minimum, GE shall always maintain the right to transfer the license to another GE business, subsidiary or affiliate. GE shall have the right to use, reproduce, and install, the Software in accordance with the License Type(s) specified on the Order Document. Definitions of the commonly-used License Type are as follows: a) Enterprise License (or equivalent). GE may install the Software on any and all GE computers and Networks worldwide and allow use by an unlimited number of Users;