Colorado Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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How to fill out Exclusive License Agreement Between Iowa State University Research Foundation, Inc. And EMerge Interactive, Inc.?
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FAQ
Patents, trademarks, and copyrights are all forms of intellectual property that can be licensed. For example, patent licenses can be used for mechanical devices and systems, healthcare products and services, electronic hardware, computer software, chemical compositions, and business methods.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
An exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.
Such a licence is sometimes known as a "co-exclusive" licence and is one in which the licensor grants a licence to more than one licensee, but agrees that it will only grant licences to a limited group of other licensees.
An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.