Common use of License Back Clause in Contracts

License Back. If Customer possesses or comes to possess a licensable or sub-licensable interest in any issued patent with claims that read upon the Verity system, its method of operation, or any component thereof, Customer hereby grants and promises to grant a perpetual, irrevocable, royalty-free, paid-up license, with right to sublicense, of such interest to ▇▇▇▇ permitting ▇▇▇▇ to make, have made, use, and sell materials or services within the scope of the patent claims.

Appears in 3 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

License Back. If Customer possesses or comes to possess a licensable or sub-licensable interest in any issued patent with claims that read upon the Verity system, its method of operation, or any component thereof, Customer hereby grants and promises to grant a perpetual, irrevocable, royalty-free, paid-up license, with right to sublicense, of such interest to ▇▇▇▇ permitting ▇▇▇▇ to make, have made, use, and sell materials or services within the scope of the patent claims, unless prohibited under Michigan law.

Appears in 1 contract

Sources: Software License Agreement