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Non-exclusivity clause, non-transferability provision, rights clause, modification clause, breach of contract clause, limitation of liability clause, and governing law clause are crucial clauses that every software license should include.
For example, a software company could grant a non-exclusive license to multiple companies to use their copyrighted software. In this case, multiple companies can use the software, but none of them have the right to take legal action against potential infringers.
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 ...
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).
The main difference between an assignment and an exclusive license is that an assignment transfers ownership of the copyright to the assignee, whereas an exclusive license grants a limited property interest in the same but not the ownership.
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.
exclusive license means that the rights needed to publish the paper are granted to the journal owner on a nonexclusive basis and the ownership of the copyright remains unchanged. Select the correct form from the choice of two in the table below.