Guam Exclusive Field of Use License Agreement

State:
Multi-State
Control #:
US-0995BG
Format:
Word; 
Rich Text
Instant download

Description

Field of use license is a license to rights in intellectual property which is limited to a defined use and provides the licensor greater control over the use of intellectual property. A field-of-use license does not have the right to all uses of the licensed technology. Such a licensee can avail only a subset of those uses. The scope of the license could be limited by a general field of use or a very specific field of use and the licensor has freedom to work with other companies on other uses. In general, any technology that has multiple, distinct uses like those in the fields of electrical engineering, computer, chemical, and health care areas may be appropriate for field of use licensing. The field of use can be limited in the actual license agreement by adding in the grand clause, a phrase that delineates the field.
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  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement

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FAQ

Most licensing agreements will be valid only for a certain length of time....Scope of the AgreementExclusivity.Territory Rights.Guarantees of Sales.

What type of activities does a license agreement restrict? You do not have the right to copy, loan, borrow, rent, or in any way distribute programs or apps. Doing so, is a violation of copyright law; it is also a federal crime.

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.

Virtually every type of license agreement includes some form of initial payment and ongoing royalty to the licensor. Royalty formulas vary widely, however. They may be based on gross sales, net sales, net profits, fixed sum per product sold, or a minimum payment to be made to the licensor over a given period of time.

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.

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.

Types of licensing agreement The unique feature of this type of agreement is that even the licensor is excluded to use or exploit the licensed property during the term of the agreement. Copyright, trademark and patent licenses are the best examples of an exclusive license agreement.

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.

A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

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Guam Exclusive Field of Use License Agreement