Iowa Rights Agreement between Centennial Technologies, Inc. and Intel Corporation

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9004
• Format: Word; Rich Text

Description

Rights Agreement between Centennial Technologies, Inc. and Intel Corporation dated December 29, 1999. 19 pages

Title: Iowa Rights Agreement between Centennial Technologies, Inc. and Intel Corporation: A Comprehensive Overview Keywords: Iowa Rights Agreement, Centennial Technologies, Intel Corporation, detailed description, types, agreement provisions, intellectual property rights, licensing, partnership, collaboration Introduction: The Iowa Rights Agreement between Centennial Technologies, Inc. and Intel Corporation represents a significant collaboration between these two entities. This comprehensive partnership agreement is aimed at delineating and protecting the rights and responsibilities of both parties, particularly focusing on intellectual property (IP) rights. This article provides an in-depth analysis of the Iowa Rights Agreement, its provisions, and various types of agreements within this collaboration. 1. Intellectual Property Rights: Within the realm of intellectual property, the Iowa Rights Agreement specifies the protection and utilization rights of both Centennial Technologies, Inc. and Intel Corporation. It covers patents, trademarks, copyrights, trade secrets, and any other proprietary information belonging to the respective companies. 2. Licensing and Royalties: The agreement outlines the terms and conditions under which Centennial Technologies, Inc. can license its IP to Intel Corporation, granting the latter the right to use, modify, sell, or distribute the licensed technology. Additionally, it establishes the royalty payments and licensing fees that Intel Corporation must pay to Centennial Technologies, Inc. as compensation for the usage of intellectual properties. 3. Technology Transfer and Collaboration: The Iowa Rights Agreement also includes provisions related to technology transfer and collaboration between the two companies. It defines the mechanism through which Centennial Technologies, Inc. will share its research, development, and technical know-how with Intel Corporation. The agreement specifies the level of support and access Intel Corporation will receive from Centennial Technologies, Inc. 4. Confidentiality and Non-Disclosure: To safeguard sensitive information, the agreement contains strict confidentiality and non-disclosure clauses. It stipulates that both parties shall maintain confidentiality regarding proprietary information shared during the collaboration and refrain from disclosing such information to any third party without prior written consent. Types of Iowa Rights Agreement between Centennial Technologies, Inc. and Intel Corporation: 1. Technology Licensing Agreement: This agreement specifically focuses on the licensing of Centennial Technologies, Inc.'s technology to Intel Corporation for a particular period, generally granting exclusive rights within a specific field or territory. 2. Research and Development Agreement: This agreement highlights the collaboration in research and development activities, leveraging the strengths of both Centennial Technologies, Inc. and Intel Corporation to jointly create innovative and advanced technologies. 3. Joint Venture Agreement: In certain cases, both companies may decide to establish a joint venture, subject to a separate agreement. This agreement defines the legal framework, ownership structure, and operational guidelines for the joint venture entity. Conclusion: In summary, the Iowa Rights Agreement between Centennial Technologies, Inc. and Intel Corporation is a comprehensive and strategic collaboration, clearly outlining the rights and responsibilities of both parties. By protecting intellectual property rights, establishing licensing terms and royalties, and fostering technology transfer, this agreement paves the way for innovation and mutually beneficial growth within the technology industry.