Typical Patent License Agreement

The three main types of patent licensing agreements are exclusive, non-exclusive and exclusive licences that confer different rights on the parties concerned: the grantor assures and guarantees that he is the exclusive and exclusive owner of all the law, title and interest in and for the [COUNTRY] Letters patent mentioned above and that he has the right to grant the exclusive right, licence and privilege conferred by this agreement; that it has not executed an agreement contrary to this agreement; and has not granted any other person, company or company a right, licence, shop or privilege granted under this agreement. 5. Licensee option to convert to a non-exclusive license. 6. Know-how: All technical data, information, materials, trade secrets, technologies, formulas, processes and ideas, including possible improvements, in all forms in which the above may exist, are now more property or co-ownership, semi-or exclusive, granted to a party before the date of this agreement or, below, acquired by a party during the duration of the agreement. The exact delivery language must be indicated. These include intellectual property rights under which the licence is granted: only patent or know-how rights, or both; and exclusive rights, exclusively with the licensee, or not exclusively. This section should also define the concept of exclusivity and/or non-exclusivity and specify whether this right is irrevocable; and if there is a right to sub-licensing. A lawyer can help you determine what rights may be granted as part of your licensing agreement. The validity date of this contract is -20 – All relevant information about the parties in one place, such as their legal names. B, the party`s contact information for negotiation and legal addresses, are a time saver if the final agreement is written.

A simple contract does not need to have a section devoted to definitions, as definitions can be presented when specific terms are found for the first time, but a complex document should contain all definitions in a section to facilitate the interpretation of the treaty. For example, if the agreement refers to a “company,” does the term “company” refer to the company and all its related companies, the company and all its subsidiaries, or only the parent company itself? 7. Confidentiality. The parties agree to keep confidential the discussions and ownership information disclosed under this Agreement, to disclose them only to individuals within their respective organizations who must know, and to assure the other party that they understand this duty of confidentiality.