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This legal framework is essential for protecting the rights of creators while enabling the dissemination and commercial exploitation of their work. There are three primary types of licensing that form the backbone of this system: open licensing, exclusive licensing, and non-exclusive licensing.
?Novexel Know-How? means any and all information and materials, including but not limited to, discoveries, improvements, information, processes, formulae, data, inventions (whether patentable or not), invention disclosures, know-how and trade secrets, patentable or otherwise, that relate to Compound or Product, ...
An agreement granting a company a license to commercialize products incorporating the licensor's patented and unpatented technology, including know-how and trade secrets.
Know-how refers broadly to any non-public information that individuals or companies acquire regarding how to or more easily use something in a business. The term is extremely broad and its nature depends on the knowledge being discussed.
The license of know-how is the information necessary or beneficial to the commercialization of the patented invention. A patent license combines matters of federal and state law, whereas a know-how license is subject only to state law since it is not subject to federal statutory protection.