Common use of PRIOR GRANTS Clause in Contracts

PRIOR GRANTS. The parties acknowledge and agree that the assignments and licenses granted herein to the Intellectual Property are subject to any and all licenses or other rights that may have been granted by a party (or its Affiliates, Subsidiaries and its and their Predecessors) with respect to the Intellectual Property prior to the Distribution as further set forth in ARTICLE VI.

PRIOR GRANTS. The parties acknowledge and agree that the assignments and licenses granted herein to the Intellectual Property are subject to any and all licenses or other rights that may have been granted by a party (or its Affiliates, Subsidiaries and its and their Predecessors) with respect to the Intellectual Property prior to the Distribution Separation as further set forth in ARTICLE VI.