Common use of Sublicense of ConocoPhillips IP Licenses Clause in Contracts

Sublicense of ConocoPhillips IP Licenses. Effective as of the Internal Contribution Date and subject to the terms and conditions of this Agreement, ConocoPhillips, on behalf of itself and each other ConocoPhillips Group member, hereby grants to Xxxxxxxx 66 Company a non-exclusive, fully paid-up, worldwide, perpetual, non-sublicensable (except as provided in Section 8.2), non-assignable (except as set forth as provided in Section 8.1), royalty-free and irrevocable sublicense to use ConocoPhillips IP Licenses that were used in the Xxxxxxxx 66 Business as of the Internal Contribution Date, in accordance with the terms set forth in such license agreements and only to the extent ConocoPhillips or a member of the ConocoPhillips Group has the right to do so (subject to its obligations in Section 15.3.2 herein).

Appears in 4 contracts

Samples: Intellectual Property Assignment and License Agreement, Intellectual Property Assignment and License Agreement (Conocophillips), Intellectual Property Assignment and License Agreement (Phillips 66)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!