King Washington Acuerdo de licencia no exclusiva de la invención - Invention Nonexclusive License Agreement

• Category: Licencias - Contratos - No exclusivos
• State: Multi-State
• County: King
• Control #: US-04059BG
• Format: Word

Description

A license or a patent is a mere permission to make, use, or sell the patented or secret process. In effect, it is a waiver of the owner's right to sue for infringement. Accordingly, a licensee does not acquire legal title to the patent right or process. An exclusive license gives the licensee the right to use the patent or process free from any infringement suit, and the right to exclude all others. A nonexclusive license grants a privilege of protection from infringement claims by the owner of the patent or process. A King Washington Invention Nonexclusive License Agreement is a legal document that grants permission to a third party to use a specific invention or intellectual property owned by King Washington, without exclusivity. This agreement outlines the terms and conditions under which the licensee can use the invention, while still allowing King Washington to grant licenses to other parties. This type of agreement enables King Washington to generate revenue by providing access to its invention while retaining ownership and the ability to license it to others. In return, the licensee gains the right to use and exploit the invention for a specified purpose or within a defined industry. Some relevant keywords associated with a King Washington Invention Nonexclusive License Agreement may include: 1. Intellectual property: Refers to any creative work or invention that can be legally owned, such as patents, trademarks, or copyrights. 2. Licensing: The granting of permission or rights to use intellectual property for a specific purpose, under specified terms and conditions. 3. Nonexclusive: Implies that the license granted to the licensee is not limited to a single party, allowing King Washington to grant licenses to multiple entities simultaneously. 4. Agreement: A legally binding contract between King Washington and the licensee, outlining the rights, obligations, and restrictions regarding the use of the invention. 5. Invention: The unique creation or discovery that is the subject of the license agreement, often protected by a patent. 6. Revenue generation: The process of generating income or monetary value through licensing the invention to third parties. 7. Terms and conditions: The specific rules, limitations, and requirements that both parties must abide by during the license agreement's duration. 8. Ownership: Refers to King Washington's legal rights and control over the invention, even after granting a nonexclusive license. 9. Exploitation: The use, commercialization, or further development of the invention by the licensee for commercial or financial benefits. 10. Defined industry: Indicates that the license agreement may restrict the use of the invention to a particular sector or field of business. While there may not be different types of King Washington Invention Nonexclusive License Agreements, the specifics within the agreement can vary depending on the nature of the invention, the intended use, and the goals of both parties involved.

A King Washington Invention Nonexclusive License Agreement is a legal document that grants permission to a third party to use a specific invention or intellectual property owned by King Washington, without exclusivity. This agreement outlines the terms and conditions under which the licensee can use the invention, while still allowing King Washington to grant licenses to other parties. This type of agreement enables King Washington to generate revenue by providing access to its invention while retaining ownership and the ability to license it to others. In return, the licensee gains the right to use and exploit the invention for a specified purpose or within a defined industry. Some relevant keywords associated with a King Washington Invention Nonexclusive License Agreement may include: 1. Intellectual property: Refers to any creative work or invention that can be legally owned, such as patents, trademarks, or copyrights. 2. Licensing: The granting of permission or rights to use intellectual property for a specific purpose, under specified terms and conditions. 3. Nonexclusive: Implies that the license granted to the licensee is not limited to a single party, allowing King Washington to grant licenses to multiple entities simultaneously. 4. Agreement: A legally binding contract between King Washington and the licensee, outlining the rights, obligations, and restrictions regarding the use of the invention. 5. Invention: The unique creation or discovery that is the subject of the license agreement, often protected by a patent. 6. Revenue generation: The process of generating income or monetary value through licensing the invention to third parties. 7. Terms and conditions: The specific rules, limitations, and requirements that both parties must abide by during the license agreement's duration. 8. Ownership: Refers to King Washington's legal rights and control over the invention, even after granting a nonexclusive license. 9. Exploitation: The use, commercialization, or further development of the invention by the licensee for commercial or financial benefits. 10. Defined industry: Indicates that the license agreement may restrict the use of the invention to a particular sector or field of business. While there may not be different types of King Washington Invention Nonexclusive License Agreements, the specifics within the agreement can vary depending on the nature of the invention, the intended use, and the goals of both parties involved.

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.