A license agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor's property and agrees to make payments known as royalties.
A patent for an invention is the grant of a property right to the inventor, issued by the federal agency charged with administering patent laws, the U.S. Patent and Trademark Office. The term of a new patent is 20 years from the date on which the application for the patent was filed in the United States or, in special cases, from the date an earlier related application was filed, subject to the payment of maintenance fees. US patent grants are effective only within the US, US territories, and US possessions.
The New Jersey License of Rights under Patent refers to the legal permission granted by the owner of a patent to another party or entity, allowing them to use, manufacture, sell, or distribute the patented invention within the state of New Jersey. This license serves as a contract that outlines the terms and conditions under which the patent rights are shared or transferred to the licensee. A New Jersey License of Rights under Patent typically involves various keywords that are relevant to its understanding and interpretation. Some relevant keywords can include: 1. Patent: A legal protection granted to inventors for their novel and non-obvious inventions, giving them exclusive rights to make, use, and sell the invention for a limited period of time. 2. License: A legal agreement permitting the use and exploitation of a patent portfolio or a specific patent by another party in exchange for certain considerations or royalties. 3. Intellectual Property: The intangible creations of the human intellect, such as inventions, designs, trademarks, or artistic works, which are protected by various laws and regulations. 4. Invention: A novel and non-obvious creation or idea that can be a product, process, or method, eligible for patent protection if it meets the legal requirements. 5. Licensee: The party or entity receiving the rights to use, possess, or exploit the patented invention as per the terms and conditions outlined in the New Jersey License of Rights under Patent. 6. Licensor: The owner or holder of the patent who grants the license to the licensee, allowing them to exercise specific rights under the patent. 7. Royalties: The financial compensation that the licensee agrees to pay the licensor as a percentage of the sales or revenues generated from the licensed invention. 8. Exclusive License: A type of license where the licensor grants the licensee exclusive rights to use, manufacture, or sell the patented invention, excluding all others, including the licensor. 9. Non-Exclusive License: A type of license where the licensor grants the licensee rights to use, manufacture, or sell the patented invention but also allows the licensor to grant similar rights to other parties. 10. Territory: The geographic region or jurisdiction within which the licensee is permitted to exercise the licensed rights, in this case, New Jersey. While different types of New Jersey License of Rights under Patent may exist, they typically fall under the categories of exclusive and non-exclusive licenses. An exclusive license grants the licensee sole rights within New Jersey, excluding all others, while a non-exclusive license allows multiple licensees to commercialize the patented invention within the state.
The New Jersey License of Rights under Patent refers to the legal permission granted by the owner of a patent to another party or entity, allowing them to use, manufacture, sell, or distribute the patented invention within the state of New Jersey. This license serves as a contract that outlines the terms and conditions under which the patent rights are shared or transferred to the licensee. A New Jersey License of Rights under Patent typically involves various keywords that are relevant to its understanding and interpretation. Some relevant keywords can include: 1. Patent: A legal protection granted to inventors for their novel and non-obvious inventions, giving them exclusive rights to make, use, and sell the invention for a limited period of time. 2. License: A legal agreement permitting the use and exploitation of a patent portfolio or a specific patent by another party in exchange for certain considerations or royalties. 3. Intellectual Property: The intangible creations of the human intellect, such as inventions, designs, trademarks, or artistic works, which are protected by various laws and regulations. 4. Invention: A novel and non-obvious creation or idea that can be a product, process, or method, eligible for patent protection if it meets the legal requirements. 5. Licensee: The party or entity receiving the rights to use, possess, or exploit the patented invention as per the terms and conditions outlined in the New Jersey License of Rights under Patent. 6. Licensor: The owner or holder of the patent who grants the license to the licensee, allowing them to exercise specific rights under the patent. 7. Royalties: The financial compensation that the licensee agrees to pay the licensor as a percentage of the sales or revenues generated from the licensed invention. 8. Exclusive License: A type of license where the licensor grants the licensee exclusive rights to use, manufacture, or sell the patented invention, excluding all others, including the licensor. 9. Non-Exclusive License: A type of license where the licensor grants the licensee rights to use, manufacture, or sell the patented invention but also allows the licensor to grant similar rights to other parties. 10. Territory: The geographic region or jurisdiction within which the licensee is permitted to exercise the licensed rights, in this case, New Jersey. While different types of New Jersey License of Rights under Patent may exist, they typically fall under the categories of exclusive and non-exclusive licenses. An exclusive license grants the licensee sole rights within New Jersey, excluding all others, while a non-exclusive license allows multiple licensees to commercialize the patented invention within the state.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.