Common use of Licensed IP Clause in Contracts

Licensed IP. Subject to the terms and conditions of this Agreement, Company hereby provides to Transferee an exclusive (even as to Company), fully paid up and royalty free license (except for the Fixed Payment), which shall be irrevocable except as set forth in Section 11 below, and including the right to grant and authorize sublicenses (subject to the provisions of the License Agreement) and other Third Party Agreement and Section 2.1(f), below under the Licensed IP to Develop and Commercialize Covered Products in and for the Field solely in the Territory.

Licensed IP. Subject to the terms and conditions of this Agreement, Company hereby provides grants to Transferee an exclusive (even as to the Company), fully paid up paid-up, and royalty royalty-free license (except for the Fixed Payment), which shall be irrevocable (except as set forth provided in Section 11 11, below), assignable, and including the right to grant and authorize sublicenses sublicensable (subject to the provisions of the License AgreementSection 2.6, below) and other Third Party Agreement and Section 2.1(f), below license under the Licensed IP to Develop and Commercialize Covered Products in and for the Field and solely in the Territory.

Licensed IP. Subject to the terms and conditions of this Agreement, the Company hereby provides grants to the Transferee an exclusive (even as to the Company), fully paid paid-up and royalty royalty-free license (except for the Fixed Payment, irrevocable (except as provided in Sections 11 and 2.3(c), which shall be irrevocable except as set forth below), assignable (in accordance with Section 11 13.2 below), and including the right to grant and authorize sublicenses sublicensable (subject to the provisions of the License AgreementSection 2.6, below) and other Third Party Agreement and Section 2.1(f), below license under the Licensed IP to Develop and Commercialize Covered Products in and for the Field and solely in the Territory.