Type II Materials Clause Samples
The 'Type II Materials' clause defines a specific category of materials, typically distinguishing them from other types based on their origin, ownership, or intended use within a contract. In practice, this clause often clarifies that Type II Materials are those provided by one party, such as pre-existing intellectual property, third-party content, or materials not created specifically for the project at hand. By clearly identifying what constitutes Type II Materials, the clause helps allocate rights and responsibilities, ensuring that both parties understand the limitations on use, licensing, or modification of these materials and preventing disputes over ownership or permitted uses.
POPULAR SAMPLE Copied 1 times
Type II Materials. Visa or third parties will have all right, title, and interest (including but not limited to ownership of Intellectual Property rights) in and to Type II Materials. Visa will deliver one copy of the Type II Materials to JPMC. Visa hereby grants JPMC and its Affiliates, an irrevocable, perpetual, nonexclusive, worldwide, paid-up, royalty free license to use, execute, reproduce, display, perform, export, sublicense and distribute (within JPMC and its Affiliates) copies of, and prepare derivative works based on, Type II Materials.
Type II Materials. MasterCard or third parties will have all right, title, and interest (including but not limited to ownership of Intellectual Property Rights) in and to Type II Materials. MasterCard will deliver one copy of the Type II Materials to JPMC. MasterCard hereby grants JPMC and its Affiliates, an irrevocable, perpetual, nonexclusive, worldwide, paid-up, royalty free license to use, execute, reproduce, display, perform, export, sublicense and distribute (within JPMC and its Affiliates) copies of, and prepare derivative works based on, Type II Materials.
Type II Materials. Type II Materials are those created during the Service performance period or otherwise (such as those that preexist the Service), [**]. Vendor grants BTE [**].
