IP Licence Sample Clauses

IP Licence. Each Delayed Transferee shall (or shall procure that its Affiliates shall) grant each Delayed Transferor and/or its relevant Affiliates from the Separation Date a non-exclusive, fully paid up, royalty free and sub-licensable license or sub-license (as applicable) to use, notwithstanding any other provision of this Agreement or any of the Ancillary Agreements, any Intellectual Property Rights owned by or licensed to each Delayed Transferee and/or its relevant Affiliates under any Ancillary Agreement for the sole purpose of operating each Controlled Delayed Business in accordance with the provisions of this Schedule. This license shall continue on a country-by-country basis, in relation to each Delayed Business, until the date on which that Delayed Business has been transferred by the Delayed Transferor to the Delayed Transferee in accordance with this Schedule.