Subscriber Unit License Agreement between QUALCOMM, Inc. and NeoPoint, Inc. regarding obtaining a license to manufacture and sell Subscriber Units
Overview of this form
The Subscriber Unit License Agreement is a legal document that outlines the terms under which QUALCOMM, Inc. grants NeoPoint, Inc. the right to manufacture and sell Subscriber Units based on QUALCOMM's proprietary technology. This agreement is essential for businesses looking to utilize QUALCOMM's intellectual property while ensuring compliance with the agreed-upon terms. Unlike other generic licensing agreements, this document specifically details the responsibilities, rights, and licenses associated to Subscriber Units under the realms of Code Division Multiple Access (CDMA) technology.
Key components of this form
- Definitions: Key terms and their meanings, ensuring an understanding of the agreement's language.
- Grant of License: Details the personal, nontransferable, and nonexclusive licensing rights provided to LICENSEE.
- License Fees: Stipulates the fees, including royalties to be paid by LICENSEE for licensed products sold.
- Quality Control: Sets expectations for the manufacturing and quality of Subscriber Units.
- Indemnification: Outlines liability and indemnity responsibilities for both parties.
- Termination: Specifies conditions under which the agreement can be terminated by either party.
Common use cases
This form is essential when a company seeks to license proprietary technology from QUALCOMM to manufacture and sell Subscriber Units. It is commonly used when a business aims to enter the telecommunication equipment market, requires access to patented technologies, or seeks to establish a formal agreement for utilizing QUALCOMM's innovation in products aimed at wireless communication.
Who needs this form
- Businesses that wish to manufacture telecommunication devices using QUALCOMM's CDMA technology.
- Companies looking to legally comply with intellectual property laws while leveraging existing technologies.
- Entities seeking to establish business relationships with QUALCOMM for product development and commercialization.
How to prepare this document
- Identify the parties involved by inserting the full legal names of QUALCOMM, Inc., and NeoPoint, Inc.
- Clearly outline the details of the licensing agreement, including the specific technologies being licensed.
- Specify the term of the agreement and any conditions related to fees and royalties.
- Include any clauses regarding quality control and the expectations set for the licensed products.
- Review and detail indemnification clauses to define liability limitations for both parties.
- Ensure all parties sign and date the agreement to finalize the terms legally.
Notarization requirements for this form
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to define specific technologies covered under the license.
- Neglecting to outline payment structures clearly, including all royalties payable.
- Overlooking the quality standards expected for manufactured products.
- Not ensuring all parties understand their indemnification responsibilities.
- Forgetting to include termination conditions or processes.
Why complete this form online
- Convenient access to downloadable legal templates prepared by licensed attorneys.
- Easy customization to fit specific business needs without starting from scratch.
- Ensures compliance with the latest legal standards and practices for licensing agreements.
- Immediate availability allows for quick execution when time-sensitive decisions are needed.
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FAQ
Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.
The term licensing agreement refers to a legal, written contract between two parties wherein the property owner gives permission to another party to use their brand, patent, or trademark.
Industrial know-how When it is transferred by itself, know-how should be converted into a trade secret before transfer in a legal agreement.Know-how, in short, is "private intellectual property" which can be said to be a form of precursor to other intellectual property rights.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
The 3 P's of collegiate licensing are protection, promotion, and profit.
What is an IP licensing agreement? An IP licensing agreement occurs between an IP rights owner (licensor) and someone who is authorised to use the rights (licensee) in exchange for monetary value in the form of a fee or a royalty.
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.
Exclusive or non-exclusive. In an exclusive license, the intellectual property holder is licensing the work only to one person, for that particular use/territory. Territory. Use. Attribution. Derivative works. Confidentiality. Time frame. Termination.
An agreement granting a company a license to commercialize products incorporating the licensor's patented and unpatented technology, including know-how and trade secrets.Each patent and know-how license agreement must be tailored to suit each transaction's particular circumstances.