Common use of OWNERSHIP AND LICENSE GRANT Clause in Contracts

OWNERSHIP AND LICENSE GRANT. 3.1 IAR Systems holds the copyright, trade secrets, and any other intellectual property rights which subsist in the Licensed Product and all copies thereof. No title or other rights in the Licensed Product (other than rights expressly granted herein) shall pass to the Licensee. THE LICENSED PRODUCT IS LICENSED, NOT SOLD, TO THE LICENSEE FOR USE ONLY UNDER THE TERMS OF THIS AGREEMENT. THE LICENSEE ACKNOWLEDGES THAT THE LICENSED PRODUCT CONSISTS OF PROPRIETARY, UNPUBLISHED PRODUCTS OF IAR SYSTEMS, PROTECTED UNDER INTERNATIONAL COPYRIGHT AND TRADE SECRET LAWS. 3.2 PC-locked License; To the extent the relevant license granted is a PC-locked License, the terms in sections 3.2.a and 3.2.b shall apply. A PC-locked License is a single-user license, locked to the computer where the Software is installed.