15.1  Ownership

(a)  This Agreement does not assign ownership of any Intellectual Property existing on the Commencement Date and neither Party may assert ownership of all or any part of the other Party's pre-existing Intellectual Property.

(b)  If the Proponent has any pre-existing Intellectual Property as at the Commencement Date or as at the date of termination of this Agreement that are applied in the development or content of the Project Proposal or the Project Alliance Agreement, the Proponent grants to the Project Owner by this Agreement an irrevocable, non-exclusive, world-wide, perpetual, transferable, sub-licensable, royalty-free licence of that pre-existing Intellectual Property for use in relation to the Project.