Common use of Object Code License Clause in Contracts

Object Code License. Company hereby grants to Microsoft a perpetual, nonexclusive, worldwide, irrevocable, [*] license: (i) to make, use, and copy the Product in object code form only; (ii) to reproduce, license, sell, rent, lease or otherwise distribute, and have reproduced, licensed, sold, rented, leased or otherwise distributed, to and by third parties, copies of the Product in object code form as part of any MS Tool Product; and (iii) to sublicense the rights in the foregoing parts (i) and (ii) to third parties, including the right to grant further sublicenses to third parties. Microsoft shall not license or grant third parties the right to license the Product on a standalone basis. The foregoing license grants include a license under any current and future patents owned or licensable by Company to the extent necessary: (i) to exercise any license right granted herein; and (ii) to combine the Product with any hardware and software.