Common use of Ownership and License Clause in Contracts

Ownership and License. 5.1 Cisco is the sole and exclusive owner of all Deliverables. Supplier irrevocably assigns and transfers to Cisco all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights. 5.2 Notwithstanding Section 5.1, Supplier grants to Cisco a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in the Deliverables which arose outside the scope of the Purchase Order to the extent necessary for Cisco to exercise its rights in the Deliverables as reasonably contemplated by the Purchase Order. 5.3 Supplier grants to Cisco a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in Products or Services which are necessary for Cisco to use, import, copy, execute, reproduce, display, perform, and distribute copies of and modify (including creating improvements and derivative works based on) the Products or Services.

Ownership and License. 5.1 Cisco is the sole and exclusive owner of all Deliverables. Supplier irrevocably assigns and transfers to Cisco all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights.Rights.‌ 5.2 Notwithstanding Section 5.1, Supplier grants to Cisco a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in the Deliverables which arose outside the scope of the Purchase Order to the extent necessary for Cisco to exercise its rights in the Deliverables Work Product as reasonably contemplated by the Purchase Order. 5.3 Supplier grants to Cisco a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in Products or Services which are necessary for Cisco to use, import, copy, execute, reproduce, display, perform, and distribute copies of and modify (including creating improvements and derivative works based on) the Products or Services.