Exclusive License to Fish on Property of Another

State:
Multi-State
Control #:
US-00908BG
Format:
Word; 
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Description

A license is not an interest in land, but is a privilege to do something on the land of another person. A license can be terminated at any time by the person giving the license - unless a license agreement states otherwise - and will continue only as long as the person giving the license is the owner of the land. Upon the sale of the property, the license terminates unless the new owner agrees to continue the license.

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FAQ

Initially, where the copyright owner grants an exclusive license, as the plaintiff did in Fathers and Daughters, that license is treated as a copyright transfer, meaning that only the exclusive licensee and not the original owner can sue for infringement of those rights.

Exclusive Copyright License means any material agreement now or hereafter in existence granting to any Grantor an exclusive right to use, copy, reproduce, distribute, prepare derivative works, display or publish any materials on which a United States Copyright is in existence or may come into existence.

An exclusive license grants the licensee singular permission to exploit the intellectual property in question.Non-exclusive licenses allow more latitude in the number of licenses granted while allowing the licensor to retain the rights to further develop and exploit its own intellectual property.

The difference between exclusive and non-exclusive agreement refers to how vendors and partners work with each other. Exclusive agreements exclude competitors for a set period of time, while non-exclusive agreements allow for competitors, often as motivating tools.

An exclusive license grants the licensee singular permission to exploit the intellectual property in question. No other entity, including the party granting the license (the licensor), is allowed to use the intellectual property covered by the license unless specific carve-outs are included in the agreement.

The exclusivity gives the licensee the incentive to invest in developing the market potential of the technology.This is because the licensor could sell licenses to all of the company's competitors after the first licensee educates and cultivates the market for the product.

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Exclusive License to Fish on Property of Another