Los Angeles California Collateral License Agreement between GeneLink, Inc. and The University of North Texas Health Science Center

• Category: Corporations - Public - Licenses
• State: Multi-State
• County: Los Angeles
• Control #: US-EG-9161
• Format: Word; Rich Text

Description

Collateral License Agreement between GeneLink, Inc. and The University of North Texas Health Science Center at Forth Worth dated July 1, 1996. 2 pages The Los Angeles California Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a comprehensive legal agreement that outlines the terms and conditions governing the licensing of collateral materials between the two entities. This agreement serves as a safeguard for both parties, ensuring protection of their intellectual property rights and establishing guidelines for the use, reproduction, and distribution of said collateral materials. Key provisions of this Collateral License Agreement may include but are not limited to: 1. Definitions: The agreement begins by clearly defining the terms used throughout the document, such as "Collateral Materials," "Licensed Property," and "Licensed Territory," among others, to avoid any ambiguity. 2. Granting of License: This section states that the University of North Texas Health Science Center grants Gentling, Inc. a non-exclusive, revocable license to use and distribute the specified collateral materials within the specified Licensed Territory (Los Angeles, California). The agreement may also detail any limitations or restrictions on the usage or distribution. 3. Intellectual Property Ownership: It clarifies that the Intellectual Property rights for the Collateral Materials shall remain with the University. Gentling, Inc. acknowledges that any improvements or modifications to the Collateral Materials shall also be the property of the University. 4. Royalties and Compensation: This section outlines the financial aspects of the agreement, including the payment terms, royalty rates, and any additional compensation that Gentling, Inc. may owe to the University for the use and distribution of the collateral materials. 5. Term and Termination: The duration or term of the agreement is clearly specified, along with the conditions under which either party can terminate the agreement, such as material breach, bankruptcy, or failure to comply with the terms. It may also detail any notice period required for termination. 6. Indemnity and Limitation of Liability: The agreement may include clauses in which both parties agree to indemnify and hold each other harmless from any claims, damages, or liabilities arising from the use and distribution of the collateral materials. It's important to note that while the Los Angeles California Collateral License Agreement described above is a general structure, the actual agreement may vary in its specifics and provisions based on the nature of the materials being licensed and the goals of the parties involved. Different types of collateral license agreements may focus on various collateral materials, geographical territories, or specific terms unique to the parties involved.

The Los Angeles California Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a comprehensive legal agreement that outlines the terms and conditions governing the licensing of collateral materials between the two entities. This agreement serves as a safeguard for both parties, ensuring protection of their intellectual property rights and establishing guidelines for the use, reproduction, and distribution of said collateral materials. Key provisions of this Collateral License Agreement may include but are not limited to: 1. Definitions: The agreement begins by clearly defining the terms used throughout the document, such as "Collateral Materials," "Licensed Property," and "Licensed Territory," among others, to avoid any ambiguity. 2. Granting of License: This section states that the University of North Texas Health Science Center grants Gentling, Inc. a non-exclusive, revocable license to use and distribute the specified collateral materials within the specified Licensed Territory (Los Angeles, California). The agreement may also detail any limitations or restrictions on the usage or distribution. 3. Intellectual Property Ownership: It clarifies that the Intellectual Property rights for the Collateral Materials shall remain with the University. Gentling, Inc. acknowledges that any improvements or modifications to the Collateral Materials shall also be the property of the University. 4. Royalties and Compensation: This section outlines the financial aspects of the agreement, including the payment terms, royalty rates, and any additional compensation that Gentling, Inc. may owe to the University for the use and distribution of the collateral materials. 5. Term and Termination: The duration or term of the agreement is clearly specified, along with the conditions under which either party can terminate the agreement, such as material breach, bankruptcy, or failure to comply with the terms. It may also detail any notice period required for termination. 6. Indemnity and Limitation of Liability: The agreement may include clauses in which both parties agree to indemnify and hold each other harmless from any claims, damages, or liabilities arising from the use and distribution of the collateral materials. It's important to note that while the Los Angeles California Collateral License Agreement described above is a general structure, the actual agreement may vary in its specifics and provisions based on the nature of the materials being licensed and the goals of the parties involved. Different types of collateral license agreements may focus on various collateral materials, geographical territories, or specific terms unique to the parties involved.