Hawaii Limited Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
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How to fill out Limited Nontransferable Nonexclusive Vendor-Oriented Software License Agreement?
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Exclusive and Non-Exclusive Licenses A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
Licensor hereby grants to the Company, and the Company hereby accepts, subject to the terms and conditions of this Agreement, an exclusive, non-transferable license for the Term and in the Territory to Use the Licensed Intellectual Property solely within the Licensed Field and, where it relates to the development and ...
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.
A licence is analogous to the renting of a flat whereby the tenant is granted permission to use the flat for an agreed period of time. A licence can be exclusive or non-exclusive. An exclusive licence is one where the licensed right is exercisable only by the licensee and no one else (including the licensor).
Excludable goods are private goods, while non-excludable goods are public goods. For example, while everyone can use a public road, not everyone can go to a cinema as they please. To enter one, a person needs to purchase a ticket, and their purchase of a ticket excludes someone else because seating is limited.
Non-exclusive: A status in which the rights the agreement grants to the Licensee are available to others, reserving to the Licensor the right to give the same or similar rights to use the licensed materials to other parties. Non-transferable: See ?Non-assignable,? above.