Assignment or License Clause Samples
Assignment or License. To the extent that any preexisting materials which are not Work Product are contained in the materials Employee delivers to Company or Company's customers, Employee hereby assigns all of his right, title and interest in such materials to the Company or, if Employee only has the right to license such materials, Employee hereby grants to Company an irrevocable, nonexclusive, worldwide, royalty-free license to: (i) use and distribute (internally or externally) copies of, and prepare derivative works based upon, such preexisting materials and derivative works thereof, and (ii) authorize others to do any of the foregoing.
Assignment or License. In the event that the Company will assign or license all or part of its technology and/or will grant a license thereto to a third party, the Company shall be responsible for obtaining such third party’s agreement to comply with all obligations to the OCS. The aforesaid will not derogate from the Company’s obligation to receive OCS approval, if required, for such transaction.