Developed Intellectual Property is all Intellectual Property Rights created, developed or produced for the purposes of the Project by or on behalf of Project Co or a Project Co Associate (but excluding certain Intellectual Property Rights such as the State IP). All Developed Intellectual Property must be owned by the State (or a nominee of the State). The State will grant Project Co a licence to use the Developed Intellectual Property for the purposes of performing its obligations under the State Project Documents for the duration of the Term.