Common use of Supplier Intellectual Property Clause in Contracts

Supplier Intellectual Property. Customer shall have no rights or interests in Supplier Intellectual Property except as described in this Transaction Agreement. All right, title and interest in and to Supplier Intellectual Property shall be and shall remain the sole property of the Supplier or its third party subcontractors/licensors. Supplier hereby grants to Customer a non-exclusive, non-transferable, royalty-free license to use the Supplier Intellectual Property as required to effectuate the purposes of this Transaction Agreement. Customer is not granted any other right to Supplier Intellectual Property and shall not copy, modify, create derivative works, sublicense, transfer, sell or otherwise use or dispose of the Supplier Intellectual Property. Notwithstanding the above, Customer may make copies of training materials provided by Supplier solely for the internal use of Customer.