Common use of Third Party IP Clause in Contracts

Third Party IP. A. To the extent that any Third Party IP is included or incorporated in the Work Product by Contractor, Contractor hereby grants to System Agency, or shall obtain from the - exclusive, worldwide, royalty-free right and license, for business purposes only, i. to use, reproduce, display, perform, distribute copies of, and prepare derivative works based upon such Third-Party IP and any derivative works thereof embodied in or delivered to System Agency in conjunction with the Work Product, and ii. to authorize others to do any or all of the foregoing. B. Contractor shall obtain System incorporating any Third-Party IP into the Work Product, and Contractor shall notify System Agency on delivery of the Work Product if such materials include any Third Party IP. C. Contractor shall provide System Agency all supporting documentation demonstrating compliance with this Section 5.3, including without limitation documentation indicating a third written approval for Contractor to use any Third Party IP that may be incorporated in the Work Product.