An exclusive license gives the licensee the exclusive and unique right to use the intellectual property – even the licensor cannot use the intellectual property. Once a licensor grants someone an exclusive license, no further license for that intellectual property can be granted to third parties. At the time of entry into force, [insert name of party that will use the licensed property] grants [insert name of owner of the licensed property] a royalty-free non-exclusive license to use the author work as [insert name of owner of the licensed property] as it deems appropriate, including for the creation of derivative works; provided, however, that this License does not limit the public rights and rights [insert name of the party that will use the Licensed Property] under this License. The parties must describe the work to be licensed in as much detail as possible, including information on the quality of the work provided by the licensor to the licensee for use by the licensee. For example, the agreement may provide that licensed digital images are made available to the licensee in a certain format, size or dpi. The parties may then include information as to whether the license is exclusive (Licensor does not license other third parties to use the Property in the same way) or non-exclusive (Licensor may grant similar licenses to other third parties), the geographic area in which Licensee may use the Property, and whether Licensee is authorized to change ownership, to create a so-called derivative work. [Insert name of party that will use the Licensed Property] will keep confidential information confidential and will not disclose confidential information to any person or entity without the prior written consent of [insert name of owner of property to be licensed]. Your intellectual property or invention loses value when everyone has access to it. To protect your property, you can ask the other party to agree to a confidentiality clause. It is in your mutual interest to protect the authorized property. Sometimes this type of agreement is also called a confidentiality agreement. The following standard license agreement contains an agreement between licensor Valerie J Toups and licensee Matthew K Jordan. Valerie J Toups agrees to allow Matthew K Jordan to use the Licensed Intellectual Property in accordance with the terms and conditions set forth.
If you own a patent on a useful technology, if you have a copyright in a popular photo, if you have filed a special image, or if you own another invention or creative work that you want to make money with, you will need a license agreement. This Agreement allows you to set the terms of everything related to that particular IP and to protect your proprietary rights, including how Licensee may use the IP, who may sublicense the IP, the price of the license for the IP, and the length of time Licensee may use the IP. Geo-restrictionsSome properties have regional applications. You may want to restrict use in your area to prevent competition. Or you may want to assign rights to other people in multiple regions. This is often the case with franchises. Some agreements may also contain a non-competition clause. 1.3 «Assets» means the Asset provided by the Licensor in accordance with point 6 of the Annex in the form specified in point 7 of the Annex. A single license grants the licensee an exclusive license, but the licensor retains the right to use the intellectual property.
Although Licensor does not grant additional licenses, Licensor may continue to use the intellectual property and all previous licenses may remain in effect. In the Agreement, the party granting the right to use the Licensed Property is referred to as «[insert the name of the owner of the property to be licensed], and the party that receives the right to use the Licensed Property is referred to as «[Insert the name of the party that will use the Licensed Property]». By using a license agreement, the owner of the intellectual property can make money while controlling how their property is used and distributed around the world. In addition, people who are granted a license can use other people`s intellectual property to develop their own business or earn a living while protecting themselves from claims of intellectual property infringement by defining the terms of use of the property. You need to make sure that if someone manufactures or modifies your property, the results will meet your standards. If the work does not meet your standards and is not met in time, this often leads to the termination of the contract. You benefit from a thorough definition of your expectations and what happens if they are not compliant. In some cases, you may need to cancel the license agreement and find another company to work with. If you are in dispute, it is advisable to speak to a lawyer. Several different types of intellectual property may be covered by this Agreement: A license for Harvard`s own patent rights is subject to terms similar to those set forth in the form agreements in the links below. Some terms may be modified to reflect unique aspects of each situation.
In particular, financial conditions are determined based on the technology to be licensed, the licensee`s business model and market standards in the industry in which the licensee operates. Most commercial goods can be licensed, including intellectual property. The most common types of licensed ownership include: 18.1 This Agreement contains the entire agreement between the parties and supersedes all prior agreements, obligations or agreements, whether oral or written. In addition, this Agreement may not be modified, modified or otherwise modified in any way except in writing by both parties. Notice of Products Offered by Third Parties – In the case of an exclusive license granted in some or all of the domains, licensee may initially focus on a limited number of products or uses of the licensed technology. To support Harvard`s mission to promote the common good by commercializing Harvard`s proprietary technology as much as possible, Harvard may include provisions similar to those in the following link to encourage a licensee to develop products offered by third parties or to sublicense the licensee`s rights in Harvard`s patent rights to that third party. to enable the development and commercialization of additional products. To use [description of what is licensed]. For examples of confidentiality agreements, material transfer agreements or research cooperation agreements, please return to our Examples of Agreements page. . . .
