Common use of Object Code Rights Clause in Contracts

Object Code Rights. VERITAS hereby grants to IMG, under all copyrights and other intellectual property rights pertaining to Licensed Client Exec, a nonexclusive, perpetual, irrevocable, worldwide, royalty free, fully paid license (i) to reproduce, have reproduced, use, display, and distribute Licensed Client Exec, directly to End Users and/or to or through Distributors, provided that IMG's right to distribute Licensed Client Exec shall be limited to Licensed Client Exec incorporated into Crystal Info; (ii) to reproduce, have reproduced, use, display and prepare derivative works and compilations of the Licensed Client Exec user documentation, and to distribute this documentation and derivative works and compilations thereof, directly to End Users and/or to or through Distributors; and (iii) to sublicense Distributors to exercise the rights in the preceding clauses (i) and (ii), including the right to grant further sublicenses. This license grant includes, without limitation, a license under all current and future patents owned by or licensed to VERITAS which pertain to Licensed Client Exec, to the extent necessary to exercise any of the foregoing rights.