This document is a technology license between two companies entering into a joint venture. They agree to market and sell the product described in the license agreement.
Oklahoma Technology License refers to a legal agreement that grants the rights to use, develop, or commercialize technology-based products or services in the state of Oklahoma. This license is crucial for businesses or individuals who wish to protect their intellectual property rights while allowing others to benefit from their innovations. The Oklahoma Technology License provides a framework for technology transfer, collaboration, and commercialization between technology developers (licensors) and licensees. It stipulates the terms and conditions under which the licensee can access, modify, and utilize the licensed technology for their own purposes. There are several types of Oklahoma Technology Licenses, each serving different purposes based on the needs and goals of the licensor and licensee: 1. Exclusive License: This type of license grants the licensee exclusive rights to the technology, preventing the licensor from granting similar licenses to other parties. It ensures that the licensee has full control over the technology within the agreed-upon scope. 2. Non-exclusive License: Non-exclusive licenses allow multiple licensees to access and utilize the technology simultaneously. This type of license encourages collaboration and widespread adoption of the licensed technology. 3. Exclusive Field-of-Use License: This license restricts the licensee's usage of the technology to specific fields or industries agreed upon between the parties. It allows licensors to retain control over the technology outside the agreed-upon fields of use. 4. Non-exclusive Field-of-Use License: Similar to the exclusive field-of-use license, this type of license grants the licensee the rights to use the technology within certain defined fields or industries. However, it also allows the licensor to grant similar licenses to other parties for use in different fields. 5. Evaluation or Research License: This license enables the licensee to evaluate the technology's feasibility, conduct further research, or test its applicability without committing to a full-scale commercial license. It is often used during the early stages of technology development. Overall, the Oklahoma Technology License plays a crucial role in fostering innovation, promoting technology transfer, and supporting economic growth within the state. It provides a legal framework to protect the rights of technology developers while allowing others to benefit from and contribute to technological advancements.
