Common use of AXP Restricted Feature Clause in Contracts

AXP Restricted Feature. AXP may, from time to time, provide GT with ideas and/or specifications for a new feature it desires to be implemented in the Sites; provided that (i) GT accepts such new feature development in writing, and (ii) the parties jointly fund the development thereof pursuant to an AXP Restricted Feature Work Order, then the such new feature will be considered an "AXP Restricted Feature." AXP Restricted Features and all Intellectual Property Rights therein shall be owned entirely by GT, provided however, GT shall and hereby does grant AXP a non-exclusive, irrevocable, worldwide, perpetual, royalty free and fully paid up license to use, copy, execute, sublicense, display, distribute, transmit, communicate, perform, store, reproduce, enhance, modify, update, maintain, adapt, and create and use new versions and derivative works (other than derivative works of such AXP Restricted Feature created by or for GT) of such AXP Restricted Feature and to have such acts done for it. Notwithstanding GT's ownership interest therein, GT agrees not to use the AXP Restricted Feature or provide it, directly or indirectly (except for consumer sites for airlines), to any third party until the earlier of the date a reasonably similar feature is available on a third party travel site or twelve (12) months after development is complete. After such time, GT may make the AXP Restricted Feature (including derivatives and improvements thereof) generally available.