Different patent licensing agreements fall into three different categories: exclusive licenses, non-exclusive licenses, and exclusive licenses. These different types of agreements essentially confer specific rights on the parties concerned. A simple contract does not need to include a section dedicated to definitions, as definitions can be presented when special terms first appear, but a complex document should include all definitions in a section to facilitate the interpretation of the contract. B. Without recognizing the validity of the above patents, but exclusively for commercial purposes, Licensee wishes to acquire the exclusive right and license to manufacture, sell and use equipment that embodies, uses and contains the invention patented in such letter patent in [LAND] and its territories. Licensor represents and warrants that it is the sole and exclusive owner of all right, title and interest in the letters patent [COUNTRY] above and that it has the right to grant the exclusive right, license and privilege granted in this Agreement; that it has not signed an agreement that conflicts with this Agreement; and has not granted to any other person, company or entity any rights, licenses, purchase rights or privileges granted under this Agreement. Licensor undertakes to prepare any paper, document or other instrument deemed necessary or desirable in order to obtain the exclusive right granted to licensee and the license granted to Licensee; and also to execute any document deemed necessary or desirable in one or more actions brought under and under this Agreement; and Licensor further agrees to testify at Licensee`s expense in any interference or dispute whenever Licensee so requests. Although the terms vary from one patent license agreement to another, standard license agreements for utility, factory, and design patents typically include the following: License agreements are created to grant an exclusive or non-exclusive right to a patent or trademark (intellectual property) to a party (licensee) who wishes these rights. In return for this right, the license agreement provides that the patent owner or trademark owner (licensor) receives royalties for the use of that intellectual property. Stanzione & Associates, PLLC provides services to our clients to convince potential licensees to enter into a license agreement. Once a potential licensee has decided to enter into a license agreement, we negotiate an agreement that is satisfactory to both the licensor and the licensee. This section of a patent license agreement determines whether a licensee must pay the patent owner an annual amount to retain its license. Like the duration of the license, this provision also differs according to need.
For example, the annual license fee may remain the same each year, or it may require that the fee be increased if unforeseen events occur. Filing a patent is a long and sometimes complex process, but the process can be broken down into five steps. Learn how to start searching for your patent, draft the application, and what to do while waiting for an official response. This Agreement is binding and applies to Licensor`s successors and assigns and may be transferable and binding on Licensee`s successors and assigns. .
