Utah Exclusive Field of Use License Agreement

State:
Multi-State
Control #:
US-0995BG
Format:
Word; 
Rich Text
Instant download

Description

Field of use license is a license to rights in intellectual property which is limited to a defined use and provides the licensor greater control over the use of intellectual property. A field-of-use license does not have the right to all uses of the licensed technology. Such a licensee can avail only a subset of those uses. The scope of the license could be limited by a general field of use or a very specific field of use and the licensor has freedom to work with other companies on other uses. In general, any technology that has multiple, distinct uses like those in the fields of electrical engineering, computer, chemical, and health care areas may be appropriate for field of use licensing. The field of use can be limited in the actual license agreement by adding in the grand clause, a phrase that delineates the field.
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  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
  • Preview Exclusive Field of Use License Agreement
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FAQ

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.

Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.

In an exclusive license, only the licensee has the right to make use of the intellectual property. By contrast, in a sole license, the licensor agrees not to grant any additional licenses but retains the right to make use of the intellectual property.

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.

Non-Exclusive Licence. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties. Therefore, the licensee must expect to compete with the licensor, as well as with other licensees, in the utilization of the licensed property.

Exclusive agreements limit a party's ability to work with another, meaning that the exclusive party offers services or products not provided elsewhere. Non-exclusive indicates that the non-exclusive party can work with anyone, including employees, competing products, and customers.

A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.

A far less commonly used form of licence is a Sole Licence. This is typically understood to mean that the licence is exclusive, except that the licensor also reserves full rights to exploit the intellectual property itself. The licensor does not have the right to grant any other sub-licences.

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.

Sole, on the one hand, means only one person has the legal right to use the product. Exclusive, however, actually means only one other person has that right. The phrase sole and exclusive license certainly occurs in granting language.

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Utah Exclusive Field of Use License Agreement