Common use of The License Clause in Contracts

The License. 1.1. ELAN shall remain proprietor of all the ELAN IONTOPHORETIC INTELLECTUAL PROPERTY but hereby grants to IOMED for the term of the Agreement an exclusive (including as to ELAN) license in the TERRITORY, with the right to grant sublicenses pursuant to and in accordance with the provisions of Article II Paragraph 2, to research develop, manufacture, have manufactured for IOMED (or its permitted sublicenses), use, sell and otherwise commercialize the ELAN IONTOPHORETIC INTELLECTUAL PROPERTY and the PRODUCTS in the FIELD under the terms and conditions set out herein. The exclusive nature of the licenses granted by ELAN are subject to **** as set out in Appendix C. ELAN's license to IOMED shall specifically exclude ELAN EXCLUDED TECHNOLOGY.