This is a heavyweight licence agreement for rights in an invention. It could be any technical IP. This agreement is for an invention or improvement which could be used in more than one industry. The owner/inventor will licence it widely, but to only one licensee per industry or sector. The Licence is perpetual, irrevocable, non-exclusive, fully paid-up, royalty-free and worldwide. The licensee is therefore entirely free to incorporate it into any product he makes, provided it is in his industry only. Includes more limited licence for supporting IP - maybe a patent or trade mark or the right to some system or device. It is also assumed that the licensee will require a licence to use supporting systems, in common with other licensees.