Common use of Contractor Materials Clause in Contracts

Contractor Materials. Contractor may not use any Pre-Existing Intellectual Property (trade secrets, inventions, works of authorship, mask work) that have been originated, developed or purchased by Contractor or by third parties, without reliance on Maxim Materials (hereafter, “Contractor Materials”) unless Contractor has the right to use it for the Maxim’s benefit. Contractor Materials will remain the property of Contractor; provided, however, that to the extent Contractor Materials are incorporated into the Deliverables, Contractor grants to Maxim a perpetual, irrevocable, worldwide, royalty-free, non-exclusive, sublicensable right and license in and to Contractor Materials, to make, have made, sell, use, reproduce, distribute, modify and make improvements and derivatives thereof.