Common use of Supplier’s Rights Clause in Contracts

Supplier’s Rights. Notwithstanding the foregoing, Supplier will retain ownership of its pre-existing and proprietary materials and other intellectual property that may be incorporated into the Work Product, provided that Supplier will inform University in writing before incorporating any pre-existing material or pre- existing intellectual property into the Work Product. Supplier hereby grants University a perpetual, irrevocable, royalty- free, fully-paid worldwide right and license (with the right to sublicense) to freely use, make, have made, reproduce, disseminate, display, perform, and create derivative works based on such pre-existing materials and intellectual property as may be incorporated into or necessary to use and exploit the Work Product or otherwise provided to University in the course of performing the Services.