Difference Between Exclusive And Non Exclusive Agreement
Description
How to fill out Non-Exclusive License Agreement For Exploitation Of A Secret Process?
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FAQ
Sample 3. Non-Exclusive meanss that the party granting the right shall be free to grant the same right to any other party within the relevant territory.
Exclusive Licence grants to the licensee the right to use the intellectual property, but means that the licensor remains free to exploit the same intellectual property and to allow any number of other licensees to also exploit the same intellectual property.
Not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement.
Not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement. The licence grants them the non-exclusive right to use the technology in their products.
Clearly state that both parties have elected to enter into the agreement based on their interest and free will. Then, outline the terms upon which both parties agree. The next section should cover which party will provide goods or services exclusively to the other.
