CROSS-LICENSING. If after the Effective Date of this IP Agreement, it is determined that one party does in fact have a reasonable business need to practice the patented invention of the other party, then the parties agree to cooperate with one another to put in place a commercially reasonable royalty-free, perpetual, worldwide license agreement permitting use of the patented innovation within the fields of use of the licensing party. Any license agreement entered into pursuant to this Section 2.4: (a) shall have the same effective date as the effective date of the Separation Agreement and (b) shall provide for a term of use that ends on or before the second anniversary of the effective date of the Separation Agreement.
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Sources: Intellectual Property Matters Agreement, Intellectual Property Matters Agreement (Manitowoc Foodservice, Inc.), Intellectual Property Matters Agreement (Manitowoc Co Inc)