Title: Salt Lake Utah Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer: A Detailed Description Introduction: In the context of intellectual property rights, a Grant of Nonexclusive License to Manufacture, Use, and Sell an Invention by Employee to Employer is an agreement granting the employer certain rights over an invention created by an employee in Salt Lake City, Utah. This license empowers the employer to manufacture, use, and sell the invention without any restrictions imposed by the employee, while still allowing the employee to maintain ownership of the intellectual property. Keywords: Salt Lake Utah, Grant of Nonexclusive License, Manufacture, Use and Sell, Invention, Employee, Employer, Intellectual Property Types of Salt Lake Utah Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer: 1. Salt Lake Utah Grant of Nonexclusive License — Unrestricted: In this type of licensing agreement, the employee grants the employer the right to manufacture, use, and sell the invention without any restrictions. The employee relinquishes their exclusive rights to the invention, allowing the employer to commercialize it freely. 2. Salt Lake Utah Grant of Nonexclusive License — Limited Scope: This type of license sets limitations on the employer's rights to manufacture, use, and sell the invention. It may specify particular industries, geographic regions, or time frames within which the employer can exercise their rights. The employee retains ownership and can further license the invention to others. 3. Salt Lake Utah Grant of Nonexclusive License — Revenue Share: In this variation of the agreement, the employer and employee agree to a revenue sharing model. The employer gains the right to manufacture, use, and sell the invention, but a percentage of the generated revenue is shared with the employee. The terms for revenue sharing are negotiated and mutually agreed upon. 4. Salt Lake Utah Grant of Nonexclusive License — Exclusive Field of Use: This type of license restricts the employer's rights to a particular field of use. The employee allows the employer to exclusively manufacture, use, and sell the invention within a specific industry or application field. The employee retains ownership and can grant licenses to other parties outside the exclusive field of use. Conclusion: A Salt Lake Utah Grant of Nonexclusive License to Manufacture, Use, and Sell an Invention by Employee to Employer is a legally binding agreement that regulates the transfer of intellectual property rights from an employee to an employer in Salt Lake City, Utah. The agreement can take various forms, such as unrestricted grants, limited scope licenses, revenue-sharing models, or exclusive field of use licenses. The specific terms and conditions of the agreement are typically negotiated to suit the needs 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.