Reference License Sample Clauses

Reference License. In connection with the purchase and sale of the Purchased Assets hereunder, effective as of the Closing Date, and subject to the terms and conditions hereof, Seller hereby grants Buyer a worldwide, perpetual, non-sublicensable (except the right to sublicense to Buyer’s Affiliates) irrevocable license to use and copy the Referenceable Base Technology and any Base Technology Modifications thereof solely for purposes of internal reference in connection with Buyer Products. The foregoing license shall be non-exclusive, non-transferable (except for transfers to Buyer’s Affiliates or successors in interest to the Business or to one or more successors in interest to any Buyer Product), and shall be royalty-free and fully paid up. The foregoing license may not be exercised or otherwise exploited in the Restricted Field of Use or in any way outside of the Business.