Common use of Pre-Existing Clause in Contracts

Pre-Existing. Each party shall retain exclusive ownership of Intellectual Property created, authored, or invented by it before the Services' commencement. If Customer provides NETdepot with its Customer IP, Customer as a result of this grants to NETdepot, during the term of the applicable Customer Success Order, a limited, worldwide, non-exclusive, non-transferable, royalty-free, right and license to access and use Customer IP solely to provide the Services. Customer represents and warrants that Customer has all rights in Customer IP necessary to grant this license and that NETdepot's use of Customer IP shall not infringe on the Intellectual Property rights of any third party.

Pre-Existing. Each party shall retain exclusive ownership of Intellectual Property created, authored, or invented by it before the Services' commencement. If Customer provides NETdepot with its Customer IP, Customer as a result of this grants to NETdepot, during the term of the applicable Customer Success Order, a limited, worldwide, non-exclusive, non-transferable, royalty-free, right and license to access and use Customer IP solely to provide the Services. Customer represents and warrants that Customer has all rights in Customer IP necessary to grant this license and that NETdepot's use of Customer IP shall not infringe on the Intellectual Property rights of any third partynon- NETdepot.