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Exclusive Patent Sublicense Agreement

Patent Agreement Contract

Name: Exclusive Patent Sublicense Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.57 (500 reviews)

Category:

Contracts - Patent

State:

Multi-State

Control #:

US-1002BG

Format:

Instant download

Description Patent Agreement Sample

A patent is a grant of a property right by the Government to an inventor. The United States Constitution gives Congress the right to provide for patent protection in legislation in order to encourage useful inventions. The patent itself provides a detailed description of the invention, and how it is used or how to make it. A patent enables the owner to exclude others from making, using or selling the invention for the life of the patent.

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Patent Agreement Document Other Form Names

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Exclusive Agreement Document FAQ

A license agreement is a business contract between two parties. The licensor (the seller of the license) owns the asset being licensed and the licensee (the buyer) pays for the right to use the license. The licensee pays royalties to the owner in exchange for the right to sell the product or use the technology.

An exclusive license agreement covers a license that is limited to a specific field or subject, such as a market, territory, length of time, or context.The licensor can issue an unlimited number of licenses that have different rights within the same field, or licenses with the same rights in a different field.

A sublicense agreement is an agreement by which the licensee (as sublicensor) grants to someone else (as sublicensee) some of the licensee's rights. If permitted by the original license agreement, there may be multiple tiers of sublicensees.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

A patent license agreement typically grants a licensee exclusive rights to manufacture, sell, and use a patented invention, subjected to certain terms. A patent license agreement will also define the amount of royalties the licensee owes the licensor.

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 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.

A licence will often specify whether the licensee is allowed to grant a sub-licence to a third party.The scope of the authority given by the licensor to the licensee to sublicense.

A sublicense is a grant by the original licensee to a third party (the sublicensee) under the patent or other technology rights granted to the original licensee by the licensor.However, exclusive licenses commonly include a right to sublicense, at least with the consent of the licensor.

Patent Agreement Contract

Description Patent Agreement Sample

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How to fill out Exclusive Patent Sublicense Agreement?

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Patent Agreement Document Other Form Names

Exclusive Agreement Document FAQ

How does a licensing agreement work?

What is an exclusive license agreement?

What is a sublicense agreement?

What is the purpose of a licensing agreement?

What is a patent license agreement?

What is the difference between exclusive and non exclusive license?

How important is exclusivity on a license deal?

Can a licensee grant a sublicense?

What is a sublicense?

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