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 Manage Exec, a nonexclusive, perpetual, irrevocable, worldwide, royalty free, fully paid license (i) to reproduce, have reproduced, use, display, and distribute Licensed Manage Exec, directly to End Users and/or to or through Distributors, provided that Seagate Software's right to distribute Licensed Manage Exec shall be limited to distribution Licensed Manage Exec bundled with Crystal Info, and distribution of Licensed Manage Exec to End Users of copies of Crystal Info previously distributed by IMG or its Distributors; (ii) to reproduce, have reproduced, use, display and prepare derivative works and compilations of the Licensed Manage 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 clause (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 Manage Exec, to the external necessary to exercise any of the foregoing rights.