Maryland Software License Agreement regarding granting of nontransferable, nonassignable and nonexclusive license to use one copy of software
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How to fill out Software License Agreement Regarding Granting Of Nontransferable, Nonassignable And Nonexclusive License To Use One Copy Of Software?
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FAQ
A license grant clause is a contractual provision that establishes one party's (a licensor) agreement to allow another party (a licensee) to use its intellectual property (IP) subject to certain conditions. Generally speaking, a licensor's IP is protected by law against unauthorized use by a third party.
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 ...
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.
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.
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.
Begin your license agreement by defining who all parties are. From there, add information about license grants, charges, licensee's obligations, intellectual property rights, limitation of liability, confidentiality, governing law, waivers, etc. End the template with an agreement form to sign.
If a license is non-sublicensable, it means you cannot sub-license or assign the right to modify or use a product without the licensor's permission. This is a significant restriction for those who want to onboard a developer to modify a particular product or sell the business later.
For instance, the company behind a major television series may enter into a licensing agreement, allowing Netflix to include the show among its titles for a certain number of years. In exchange, Netflix would agree to provide royalties to the content owner from fees it collects from its subscribers.