A Puerto Rico Exclusive License Agreement refers to the legal contract established between the Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. This agreement grants emerge Interactive exclusive rights and authorization to utilize the intellectual property developed or owned by SURF within the territory of Puerto Rico. The agreement outlines the terms and conditions under which emerge Interactive can commercialize and market the licensed technology or innovation. Keywords: Puerto Rico, Exclusive License Agreement, Iowa State University Research Foundation, emerge Interactive, intellectual property, territory, terms and conditions, commercialize, market, technology, innovation. Different types of Puerto Rico Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may include: 1. Patent Exclusive License Agreement: This license grants emerge Interactive the exclusive rights to a specific patented technology or invention within Puerto Rico. It allows emerging Interactive the sole authority to use, market, and further develop the licensed patent, thereby preventing others from utilizing or profiting from it. 2. Trademark Exclusive License Agreement: In this agreement, SURF provides emerge Interactive with an exclusive license to use and commercialize specific trademarks or service marks associated with a product or service within Puerto Rico. These grants emerge Interactive the right to use the licensed trademarks, preventing others from using similar marks within the territory. 3. Copyright Exclusive License Agreement: This type of agreement provides emerge Interactive with exclusive rights to reproduce, distribute, display, or perform copyrighted works that are owned or controlled by SURF within Puerto Rico. This ensures that only emerge Interactive can use and profit from the copyrighted materials within the specified territory. 4. Trade Secret Exclusive License Agreement: A trade secret agreement grants emerge Interactive exclusive access and usage rights to specific proprietary information, such as formulas, processes, or confidential business strategies, developed or owned by SURF. This prohibits others from obtaining or utilizing the protected trade secrets within Puerto Rico. These agreements protect the interests of both SURF and emerge Interactive, ensuring a mutually beneficial relationship while maximizing the commercial potential of the intellectual property within Puerto Rico.
Puerto Rico Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
These are some common types of licensing agreements: Trademark license - outlines how you may use a trademark Patent license - outlines your right to sell, use, make distribute and export a product that is patented Copyright license - outlines your right to reproduce and sell copyrighted assets.
A licence is analogous to the renting of a flat whereby the tenant is granted permission to use the flat for an agreed period of time. A licence can be exclusive or non-exclusive. An exclusive licence is one where the licensed right is exercisable only by the licensee and no one else (including the licensor).