Common use of License of IP Clause in Contracts

License of IP. In consideration of the sum of £1 (receipt of which the Company hereby acknowledges) the Company hereby grants UCL a perpetual, sub-licensable, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Licensed IP and related content and derivative works thereof for any purpose connected with the business (now or in the future) of UCL. This licence applies to Licensed IP whether incorporated within the Course Materials before, on or after the date of this agreement.

License of IP. In consideration of the sum of £1 (receipt of which the Company Individual hereby acknowledges) the Company Individual hereby grants UCL a perpetual, sub-licensable, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Licensed IP and related content and derivative works thereof for any purpose connected with the business (now or in the future) of UCL. This licence applies to Licensed IP whether incorporated within the Course Materials before, on or after the date of this agreement.