Common use of Pre-Existing Technology Clause in Contracts

Pre-Existing Technology. All technology and intellectual property rights owned by a Party as of the Effective Date shall remain the property of such Party. Without limiting the foregoing, APOGENT shall be the sole owner of the APOGENT Technology, subject to the license granted hereby and such other licenses as APOGENT may, in its discretion, grant from time to time, and EXACT shall be the sole owner of the [CONFIDENTIAL TREATMENT REQUESTED]/*/ subject to the such licenses as EXACT may, in its discretion, grant from time to time. Neither party shall reverse engineer, copy or use the technology or inventions of the other party except as expressly contemplated by and permitted under this Agreement.