North Carolina Technology Licensing Agreement

Category:

Technology - Licenses

State:

Multi-State

Control #:

US-13257BG

Format:

Instant download

Description

Technology Licensing is the process by which patentable intellectual property is made
marketable and is licensed or otherwise disposed for use by the pubic.

A North Carolina Technology Licensing Agreement is a legal contract between a technology owner, also known as the licensor, and a technology user, known as the licensee. It provides the licensee with the right to use, develop, or commercialize the licensor's technology in exchange for certain fees or royalties. This agreement grants the licensee the legal permission to utilize the intellectual property rights of the licensor, which can include patents, trademarks, copyrights, or trade secrets. In North Carolina, there are different types of Technology Licensing Agreements tailored to specific technology-related business transactions. Some of these agreements include: 1. Patent Licensing Agreement: This type of licensing agreement grants the licensee the right to use the patented technology in the specified geographical area and for a specific period. It ensures that the licensor's invention is protected while granting the licensee the ability to utilize the patented technology for their business operations or product development. 2. Software Licensing Agreement: This agreement allows the licensee to use software developed by the licensor. It outlines the terms and conditions under which the software can be used, including limitations, restrictions, payment details, and copyright protection. 3. Trademark Licensing Agreement: This agreement grants the licensee the right to use the licensor's trademark for commercial purposes. It specifies the scope of trademark usage, quality control measures, royalties, and any limitations on the licensee's rights. 4. Copyright Licensing Agreement: This type of agreement allows the licensee to utilize the copyrighted materials of the licensor while maintaining the licensor's control over the intellectual property rights. It establishes the terms related to the usage, distribution, royalties, and any restrictions defined by the licensor. It's important to note that each type of North Carolina Technology Licensing Agreement has unique terms and considerations. The agreement should include detailed information about the licensed technology, grant of rights, territory, term, payment structure, indemnification, confidentiality, dispute resolution, and termination clauses. In North Carolina, the universities and research institutions play a significant role in technology transfer and licensing, fostering collaboration between academia and industry. The licensing agreements formed between these entities often involve cutting-edge technologies, such as biotechnology, information technology, renewable energy, pharmaceuticals, and engineering advancements. Overall, a North Carolina Technology Licensing Agreement is a vital legal instrument that facilitates the transfer and utilization of technology, enabling innovation, economic growth, and commercialization of intellectual property assets.

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How to fill out Technology Licensing Agreement?

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FAQ

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.

There are three key types of licences.Exclusive Licence. An exclusive licence, as the name suggests, is a licence that allows the licensee exclusively to both use and commercialise your IP.Non-Exclusive Licence. A non-exclusive licence allows you to licence the IP to multiple different parties.Sole Licence.

Technology licensing is a contractual arrangement in which the licenser's patents, trademarks, service marks, copyrights, trade secrets, or other intellectual property may be sold or made available to a licensee; compensation is negotiated in advance between the parties.

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

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.

Technology licensing agreements are contracts or arrangements that involve an owner of a technology-based intellectual property, also known as a licensor, who will accept compensation in exchange for allowing an outside party, known as the licensee, resell the property, make alterations to it, or simply use it.

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.

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.

Technology Licensing is a contractual arrangement in which the licensor's Intellectual Property (IP) such as, patents, trademarks, service marks, copyrights, trade secrets, or other intellectual property may be transferred to a licensee for a specified period of time.

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.

More info

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