Common use of Existing Materials Clause in Contracts

Existing Materials. The Existing Materials will remain owned by the Contractor or its licensors. Subject to clause 11, the Contractor hereby grants to REA a non-exclusive, irrevocable, perpetual, royalty-free, worldwide licence (including a right of sublicense) to use, copy, modify and adapt the Existing Materials for the purpose of conducting REA’s operations connected with or relevant to the Services and Deliverables being provided by the Contractor.