Common use of Pre-Existing Intellectual Property Clause in Contracts

Pre-Existing Intellectual Property. MMCAP Infuse and Vendor will each retain ownership of, and all right and, title and interest in and to, their respective pre-existing intellectual property. Vendor grants to Minnesota an unlimited, royalty-free, paid up, perpetual, non-exclusive, irrevocable, non-transferable license to use and modify any pre-existing Vendor intellectual property, including marketing materials and materials contained in solicitation responses provided by Vendor to MMCAP Infuse or a Member. The aforementioned license is solely for use by Members, and their agents related to an internal business or governmental purposes.

Pre-Existing Intellectual Property. MMCAP Infuse and Vendor will each retain ownership of, and all right and, title and interest in and to, their respective pre-existing intellectual property. The Vendor grants to Minnesota an unlimiteda perpetual, royalty-free, paid up, perpetualirrevocable, non-exclusive, irrevocable, non-transferable royalty free license to use and modify any for Vendor’s pre-existing Vendor intellectual propertyproperty that are incorporated in the products, including marketing materials and materials contained in solicitation responses provided by Vendor to MMCAP Infuse materials, equipment, deliverables, or a Memberservices that are purchased through the Agreement. The aforementioned license is solely for use by Members, and their agents related to an internal business or governmental purposes.