The Alabama Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc., is a legal contract that outlines the terms and conditions of granting emerge Interactive, Inc. the exclusive rights to use, develop, and commercialize certain technologies or intellectual property owned by Iowa State University Research Foundation, Inc. within the state of Alabama. This agreement aims to protect the intellectual property rights of Iowa State University Research Foundation, Inc. while promoting the development and dissemination of innovative technologies and research. It gives emerge Interactive, Inc. the exclusive rights to use the licensed technology or intellectual property within Alabama, preventing others from using or commercializing it without their authorization. The Alabama Exclusive License Agreement sets out various provisions, including the scope and limitations of the granted license, the duration of exclusivity, and any specific terms or conditions agreed upon by the parties involved. It typically includes provisions related to payment arrangements, milestone achievements, royalty rates, sublicensing agreements, and dispute resolution mechanisms. Different types of Alabama Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may include: 1. Technology Transfer License Agreement: This type of agreement grants emerge Interactive, Inc. the exclusive rights to transfer certain technologies developed by Iowa State University Research Foundation, Inc., allowing to emerge Interactive, Inc. to develop, market, and sell products or services based on the licensed technologies exclusively within Alabama. 2. Patent License Agreement: This agreement pertains specifically to the licensing of patents owned by Iowa State University Research Foundation, Inc. to emerge Interactive, Inc. It provides emerge Interactive, Inc. with the exclusive rights to make, use, and sell products or processes covered by the licensed patents in Alabama. 3. Copyright License Agreement: In the case of copyrighted materials, this agreement allows emerging Interactive, Inc. exclusive rights to reproduce, distribute, and display copyrighted works owned by Iowa State University Research Foundation, Inc. within the state of Alabama. These are just a few examples of the potential types of Alabama Exclusive License Agreements that could exist between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The specific terms and conditions within each agreement may vary depending on the nature of the intellectual property being licensed and the objectives of both parties.
Alabama Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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How to fill out Alabama Exclusive License Agreement Between Iowa State University Research Foundation, Inc. And EMerge Interactive, Inc.?
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FAQ
A license fee is typically a one-off payment, i.e., a fixed amount paid upfront. A royalty fee (royalties), on the other hand, are usage-based payments, i.e., continuous periodic fee payments.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
These are some common types of licensing agreements: Trademark license - outlines how you may use a trademark Patent license - outlines your right to sell, use, make distribute and export a product that is patented Copyright license - outlines your right to reproduce and sell copyrighted assets.
Key Takeaways. A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
An Intercompany Agreement (?ICA?) is usually a commercial agreement for services, the sale of goods, financing or intangible property made between companies related through ownership, under common control or part of the same group of companies.
By Practical Law Intellectual Property & Technology. An agreement for the licensing of intellectual property (IP) by a parent, IP holding company, or other company to an affiliated company within the same corporate group.