Common use of Grants of Licenses Clause in Contracts

Grants of Licenses. Upon the later of Adopter’s execution of this Agreement or finalization of the Specification by the Promoters, Adopter hereby grants to the Promoters and to Fellow Adopters, and the Promoters hereby grant to Adopter, a nonexclusive, royalty-free, nontransferable, nonsublicenseable, worldwide license under its Necessary Claims to make, have made, use, import, offer to sell and sell products which comply with the Specification; provided that such license shall not extend to features of a product which are not required to comply with the Specification or for which there exists a feasible, noninfringing alternative.

Grants of Licenses. Upon the later of Adopter’s execution of this Agreement or finalization of the Specification by the Promoters, Adopter hereby grants to the Promoters and to Fellow Adopters, and the Promoters hereby grant to Adopter, a nonexclusive, royalty-free, nontransferablenon-transferable, nonsublicenseablenon-sublicenseable, worldwide license under its Necessary Claims to make, have made, use, import, offer to sell and sell products which comply with the Specification; provided that such license shall not extend to features of a product which are not required to comply with the Specification or for which there exists a feasible, noninfringing non-infringing alternative.