Common use of Licenses under IP Rights Clause in Contracts

Licenses under IP Rights. In the event Seller provides to Buyer any Goods or process to be utilized by Buyer after Seller’s Completion of Services, Seller will, at no expense to Buyer, provide to Buyer upon final payment a paid-up, irrevocable, royalty-free, nonexclusive license to operate said Goods and/or perform said processes. If Seller is unable to secure such license, Seller will, at no expense to Buyer, modify Goods to render them non-infringing or will remove Goods and replace them with Goods which will not infringe any IP Rights, provided that the modified or replacement Goods continue to meet the specifications of this Agreement.

Licenses under IP Rights. In the event Seller provides to Buyer Company any Goods or process to be utilized by Buyer after Company subsequent to Seller’s Completion of Services, Seller will, at no expense to BuyerCompany, provide to Buyer Company upon final payment a paid-up, irrevocable, royalty-free, nonexclusive license to operate said Goods and/or perform said processes. If In the event that Seller is unable to secure such license, Seller will, at no expense to BuyerCompany, modify Goods so as to render them non-infringing or will remove Goods and replace them with Goods which will not infringe upon any IP Rights, provided that the modified or replacement Goods continue to meet the specifications of this Agreement.

Licenses under IP Rights. In the event Seller provides to Buyer Company any Goods or process to be utilized by Buyer Company after Seller’s Completion of Services, Seller will, at no expense to BuyerCompany, provide to Buyer Company upon final payment a paid-up, irrevocable, royalty-royalty- free, nonexclusive license to operate said Goods and/or perform said processes. If Seller is unable to secure such license, Seller will, at no expense to BuyerCompany, modify Goods to render them non-infringing or will remove Goods and replace them with Goods which will not infringe upon any IP Rights, provided that the modified or replacement Goods continue to meet the specifications of this Agreement.