Common use of Ownership of Pre-Existing IPR Clause in Contracts

Ownership of Pre-Existing IPR. (a) Each party acknowledges and agrees that, unless otherwise expressly stated in this Participation Agreement, no Pre-Existing IPR of either party is assigned or otherwise transferred by reason of this Participation Agreement. (b) If and to the extent this Participation Agreement provides that any Intellectual Property in the Services vests in the Subscriber, XXXX acknowledges that the Subscriber may require a licence to use XXXX'x Pre-Existing IPR to the extent necessary to enable the Subscriber to use the Services for the purpose for which they are supplied under the Participation Agreement, and accordingly XXXX grants such a licence on the basis that the licence is non-exclusive and non-transferable.

Ownership of Pre-Existing IPR. (a) Each party acknowledges and agrees that, unless otherwise expressly stated in this Participation Agreement, no Pre-Existing IPR of either party is assigned or otherwise transferred by reason of this Participation Agreement. (b) If and to the extent this Participation Agreement provides that any Intellectual Property in the Services vests in the Subscriber, XXXX acknowledges that the Subscriber may require a licence to use XXXX'x Pre-Existing IPR to the extent necessary to enable the Subscriber to use the Services for the purpose for which they are supplied under the Participation Agreement, and accordingly XXXX PEXA grants such a licence on the basis that the licence is non-exclusive and non-transferable.