Common use of Ownership of Intellectual Property; License Clause in Contracts

Ownership of Intellectual Property; License. Any Intellectual Property owned by a party or its Affiliates and used after the date hereof in connection with the provision or receipt of the Transition Services, as applicable, shall remain the property of such party or its Affiliates. Each party grants, and shall cause its Affiliates to grant, to the other party and its Affiliates a royalty-free, non-exclusive, non-transferable, worldwide license, during the term of this Agreement, to use the Intellectual Property owned by such party or its Affiliates only to the extent necessary for the other party and its Affiliates to provide or receive the Transition Services, as applicable. Other than the license granted to a party and its Affiliates pursuant to the preceding sentence, the Master Agreement or any Ancillary Agreement, neither party nor its Affiliates shall have any right, title or interest in the Intellectual Property owned by the other party or its Affiliates.

Ownership of Intellectual Property; License. Any Intellectual Property owned by a party Party or its Affiliates and used after the date hereof in connection with the provision or receipt of the Transition Scheduled Services, as applicable, shall remain the property of such party Party or its Affiliates. Each party Party grants, and shall cause its Affiliates to grant, to the other party Party and its Affiliates a royalty-free, non-exclusive, non-transferable, worldwide license, during the term of this Agreement, to use the Intellectual Property intellectual property owned by such party Party or its Affiliates only to the extent necessary for the other party Party and its Affiliates to provide or receive the Transition Scheduled Services, as applicable. Other than the license granted to a party Party and its Affiliates pursuant to the preceding sentence, the Master SPA, the Administrative Services Agreement or any Ancillary other Transaction Agreement, neither party nor its Affiliates shall have any right, title or interest in the Intellectual Property intellectual property owned by the other party or its Affiliates.