Technology Licensing Agreement With Example

Category:

Technology - Licenses

State:

Multi-State

Control #:

US-13257BG

Format:

Instant download

Description

The Technology Licensing Agreement is a legal document that outlines the terms under which a patent owner, referred to as the Owner, grants a nonexclusive license to another entity, the Licensee, allowing them to manufacture and sell products utilizing the patent. This agreement provides a clear framework for the definitions of key terms, the scope of the license, financial arrangements, and the obligations of each party. Key features include the grant of a nonexclusive license, payment structures involving lump-sum fees and royalties, requirements for reporting sales and usage, and confidentiality clauses protecting proprietary information. For filling and editing this form, users should accurately fill in details such as the names of the parties, patent numbers, product descriptions, and financial terms specific to their arrangement. This form can be particularly useful for attorneys drafting agreements for clients involved in technology transfer, partners entering into collaborative ventures, business owners seeking to license their innovations, and paralegals or legal assistants tasked with managing such documentation. Use cases may also extend to legal disputes regarding patent usage and negotiations for future agreements based on existing licenses.

Bhel signs technology transfer agreement with barc

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How to fill out Technology Licensing Agreement?

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FAQ

The steps for making a license agreement are as follows:Download a template for a licensing agreement.Choose your role as the licensor or licensee.Define the license(s) in the agreement.Decide whether the license is exclusive or not.Settle the matter of fees and payment schedule.Add a renewal date and rules.More items...?

Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.

Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.

Precisely identifying which intellectual property will be the subject of the license is necessary to ensure both parties are on the same page and not exceeding their rights.Scope of the Grant.Exclusivity.Territory.Term.Compensation.Termination.Conclusion.

Licensing agreements are found in many different industries. An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.