Travis Texas Exclusive License Agreement for Patent with Schedule of Royalties is a legally binding contract that grants exclusive rights to a licensee for the use, production, or sale of a patented invention within the geographical boundaries of Travis County, Texas. This agreement ensures that only the licensee has the right to exploit the patented technology, preventing any other party from using or commercially benefiting from it. The Exclusive License Agreement for Patent with Schedule of Royalties specifies the terms and conditions under which the licensee can utilize the patent. It outlines important details concerning the scope of the exclusive license, the duration of the agreement, and any limitations imposed by the licensor. The schedule of royalties is an integral part of this agreement, as it determines the financial obligations of the licensee to the licensor. The royalties, also known as licensing fees, are typically calculated as a percentage of the licensee's revenue generated from the licensed patent. The schedule of royalties may outline different rates for different periods of time or sales volumes, depending on the agreement reached between the licensor and licensee. There may be variations or subcategories of the Travis Texas Exclusive License Agreement for Patent with Schedule of Royalties, such as: 1. Technology-specific Exclusive License Agreement: This type of agreement focuses on licensing a specific technology or invention rather than a broader range of patents. It allows the licensee to exclusively use and market a particular technology within Travis County, Texas. 2. Limited Exclusive License Agreement: This agreement grants the licensee exclusive rights to use the patented technology within a specific industry or market segment. It restricts the licensor from granting licenses to competitors within the designated sector. 3. Non-Assignable Exclusive License Agreement: This type of agreement prohibits the licensee from transferring or assigning the exclusive rights to any other entity without the explicit consent of the licensor. 4. Territory-Specific Exclusive License Agreement: In this agreement, exclusive rights are limited to a specific geographical area within Travis County, Texas. This allows the licensor to grant separate licenses for other regions or jurisdictions. It is essential to consult legal professionals experienced in intellectual property law and licensing agreements to ensure that all terms within the Travis Texas Exclusive License Agreement for Patent with Schedule of Royalties align with the specific objectives and needs of both the licensor and licensee.
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.