Common use of Patent License Grant Clause in Contracts

Patent License Grant. 2.1 Caltech hereby grants to Licensee: (a) a worldwide, exclusive royalty-bearing license within the Field under Licensed Patent Rights to make, have made, import, have imported, sublicense, have sublicensed, use, have used, sell, and have sold Licensed Products and Licensed Services; and (b) a worldwide, nonexclusive royalty-bearing license to the Technology for the development of Licensed Products and Caltech agrees that it will not provide any third party rights to Technology that would allow such third party to commercially develop Licensed Products in a jurisdiction for which licensee is paying royalties under 3.2.