Common use of Ownership and License Clause in Contracts

Ownership and License. 5.1 Unless otherwise specified in a SOW and except as provided in Section 5.2, CoStar is the sole and exclusive owner of all Deliverables and Supplier hereby irrevocably assigns and transfers to CoStar all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 Unless otherwise specified in a SOW, each party owns all right, title, and interest in and to any of its Preexisting Materials. Supplier hereby grants CoStar a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s Preexisting Materials in the Deliverables to the extent necessary for CoStar’s exercise and exploitation of its rights in the Deliverables. 5.3 Unless otherwise specified in an SOW, Supplier will obtain and assign to CoStar a nonexclusive, royalty-free, worldwide, perpetual, irrevocable, transferable, sub-licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier will deliver copies of the above licenses to CoStar upon CoStar’s request.

Appears in 4 contracts

Samples: Purchase Order Terms and Conditions, Purchase Order Agreement, Purchase Order Agreement

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Ownership and License. 5.1 Unless otherwise specified in a SOW and except as provided in Section 5.2, CoStar is the sole and exclusive owner of all Deliverables and Supplier hereby irrevocably assigns and transfers to CoStar all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 Unless otherwise specified in a SOW, each party owns all right, title, and interest in and to any of its Preexisting Materials. Supplier hereby grants CoStar a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s Preexisting Materials in the Deliverables to the extent necessary for CoStar’s exercise and exploitation of its rights in the Deliverables. 5.3 Unless otherwise specified in an SOW, Supplier will obtain and assign to CoStar a nonexclusive, royalty-free, worldwide, perpetual, irrevocable, transferable, sub-licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier will deliver copies of the above releases and licenses to CoStar upon CoStar’s request.

Appears in 1 contract

Samples: Purchase Order Agreement

Ownership and License. 5.1 5.1. Unless otherwise specified in a SOW the applicable Purchase Order or SOW, and except as provided in Section 5.25.2 below, CoStar Aceso is the sole and exclusive owner of all Deliverables and Supplier hereby irrevocably assigns and transfers to CoStar Aceso all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 5.2. Unless otherwise specified in a an SOW, each party owns all right, title, and interest in and to any of its Preexisting Materials. Supplier hereby grants CoStar Aceso a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s Preexisting Materials in the Deliverables to the extent necessary for CoStarAceso’s exercise and exploitation of its rights in the Deliverables. 5.3 5.3. Unless otherwise specified in an SOW, Supplier will obtain and assign to CoStar Aceso a nonexclusivenon-exclusive, royalty-freeroyaltyfree, worldwide, perpetual, irrevocable, transferable, sub-licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier will deliver copies of the above releases and licenses to CoStar Aceso upon CoStarAceso’s request.

Appears in 1 contract

Samples: Purchase Order Terms and Conditions

Ownership and License. 5.1 Unless otherwise specified in a SOW and except as provided in Section 5.2, CoStar GeoSync is the sole and exclusive owner of all Deliverables and Supplier hereby irrevocably assigns and transfers to CoStar GeoSync all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 Unless otherwise specified in a SOW, each party owns all right, title, and interest in and to any of its Preexisting Materials. Supplier hereby grants CoStar GeoSync a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s 's Preexisting Materials in the Deliverables to the extent necessary for CoStarGeoSync’s exercise and exploitation of its rights in the Deliverables. 5.3 Unless otherwise specified in an SOW, Supplier will obtain and assign to CoStar GeoSync a nonexclusive, royalty-free, worldwide, perpetual, irrevocable, transferable, sub-licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier will deliver copies of the above releases and licenses to CoStar GeoSync upon CoStarGeoSync’s request.

Appears in 1 contract

Samples: Purchase Agreement

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Ownership and License. 5.1 5.1. Unless otherwise specified in a SOW the applicable Purchase Order or SOW, and except as provided in Section 5.25.2 below, CoStar Aceso is the sole and exclusive owner of all Deliverables and Supplier hereby irrevocably assigns and transfers to CoStar Aceso all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 5.2. Unless otherwise specified in a an SOW, each party owns all right, title, and interest in and to any of its Preexisting Materials. Supplier hereby grants CoStar Aceso a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s Preexisting Materials in the Deliverables to the extent necessary for CoStarAceso’s exercise and exploitation of its rights in the Deliverables. 5.3 5.3. Unless otherwise specified in an SOW, Supplier will obtain and assign to CoStar Aceso a nonexclusivenon-exclusive, royalty-royalty- free, worldwide, perpetual, irrevocable, transferable, sub-licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier will deliver copies of the above releases and licenses to CoStar Aceso upon CoStarAceso’s request.

Appears in 1 contract

Samples: Purchase Order Terms and Conditions

Ownership and License. 5.1 Unless otherwise specified in a SOW and except as provided in Section section 5.2, CoStar the AER is the sole and exclusive owner of all Deliverables Work and Supplier Vendor hereby irrevocably assigns and transfers to CoStar the AER all of its worldwide right and title to, and interest in, the DeliverablesWork, including all associated Intellectual Property Rights. 5.2 Unless otherwise specified in a SOW, each party owns all right, title, and interest in and to any of its Preexisting Materialspre-existing materials. Supplier The Vendor hereby grants CoStar the AER a perpetual, irrevocable, worldwide, transferable, royalty-free, nonexclusive license, with the right to sublicense and authorize the granting of sublicenses, to use and reproduce Supplier’s Preexisting the Vendor's Pre-existing Materials in the Deliverables Work to the extent necessary for CoStarthe AER’s exercise and exploitation of its rights in the DeliverablesWork. 5.3 Unless otherwise specified in an SOW, Supplier Vendor will obtain and assign to CoStar the AER a nonexclusive, royalty-free, worldwide, perpetual, irrevocable, transferable, sub-sub- licensable license to use all Third Party Intellectual Property Rights incorporated into, required to use, or delivered with the Work. Supplier Vendor will deliver copies of the above assignments and licenses to CoStar the AER upon CoStarthe AER’s request.

Appears in 1 contract

Samples: Purchase Order Terms and Conditions

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