Inverted Software assigns to the client all right, title, and interest in the custom deliverables, including software and code, produced for that client under the applicable statement of work (SOW), conditioned on payment in full of all amounts due and absent a written agreement to the contrary. Inverted Software retains its pre-existing materials, internal tools, libraries, frameworks, and templates, and grants the client a perpetual, worldwide, non-exclusive, royalty-free license to use, modify, and distribute any of them embedded in a deliverable. Third-party and open-source components in a deliverable are licensed under their own terms rather than assigned.