Commercial License Agreement Template
- Posted on September 15, 2021
- in Uncategorized
- by admin
If you own a patent on a piece of useful technology, have a copyright in a popular photo, have protected a special image through trademark law, or own another invention or creative work that allows you to make money, you need a licensing agreement. This agreement allows you to set the terms of everything related to that specific IP and to protect your proprietary rights, including how the licensee may use the IP, who owns the IP, who may sublicense the IP, the price of the license for the IP, and the length of time the licensee may use the IP. Access to innovation at Harvard should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees work with you to help you achieve your business goals. To give you an idea of how these licenses take shape, we are happy to provide you with a number of model agreements here. If you have any questions about these models, please contact us. To view standard confidentiality agreements, material transfer agreements or research cooperation agreements, please return to our Model Agreements page. The following example license agreement describes 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 IP on the specified terms. Notice of Products Offered by Third Parties – In the case of an exclusive license granted in all or many areas, the licensee may first focus on a limited number of products or uses for the licensed technology. To support Harvard`s mission to promote the common good as much as possible by marketing its own technology at Harvard, Harvard may contain provisions similar to those in the link below, in order to encourage a licensee to develop products offered by third parties or to sublicense the licensee`s rights in Harvard patents to such a third party. to enable the development and commercialization of additional products. The parties should describe the licensed work in as much detail as possible, including information on the quality of the factory delivered 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 given format, size or dpi. The parties may then indicate whether the licence is exclusive (the licensor does not grant a licence to use the property to other third parties in the same way) or non-exclusive (the licensor may grant similar licences to other third parties), the geographical area in which the licensee may use the property and whether the licensee may change the ownership, to create what is called a derivative work. There are some things you need to consider when creating a license agreement template. As already mentioned, the drafting of the document requires competence and skill so that you can produce a document that is beneficial to all concerned, especially to the owner of the property, whose interests must be protected.. . .