Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.

• Category: Corporations - Public - Licenses
• State: Multi-State
• Control #: US-EG-9167
• Format: Word; Rich Text

Description

Exclusive License Agreement dated August 3, 1999. 13 pages An Exclusive License Agreement is a legal contract that grants the licensee (emerge Interactive, Inc.) exclusive rights to use and commercialize certain intellectual property owned by the licensor (Iowa State University Research Foundation, Inc.) within the state of Arizona. This agreement aims to outline the terms and conditions under which emerge Interactive, Inc. can benefit from the licensed intellectual property while ensuring that Iowa State University Research Foundation, Inc. retains ownership and control over their valuable inventions or innovations. The Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. encompasses various key provisions to govern their relationship. It includes clauses related to the scope of the license, duration, financial considerations, obligations, and intellectual property rights. Let's explore some important aspects using relevant keywords: 1. Scope: The agreement outlines the specific technology, invention, or IP asset covered by the exclusive license. This could include patents, trademarks, copyrights, trade secrets, or any other proprietary information developed by Iowa State University Research Foundation, Inc. 2. Territory: As specified in the agreement, the exclusive license is limited to the state of Arizona. This means that emerge Interactive, Inc. has the sole right to utilize and exploit the licensed technology exclusively within the boundaries of Arizona. 3. Duration: The agreement defines the period during which the exclusive license is valid. It may have a fixed term or be subject to renewal or termination based on certain conditions, such as milestones, payment obligations, or breach of contract. 4. Financial Considerations: The agreement sets forth the financial terms and conditions of the license. This includes upfront payments, ongoing royalty fees, and any other financial arrangements agreed upon by both parties. 5. Reporting and Audit: The licensee is usually required to submit regular reports to the licensor, detailing their utilization of the licensed IP, sales figures, and any relevant financial information. Additionally, the licensor retains the right to audit the licensee's records to ensure compliance. 6. Obligations and Restrictions: The agreement outlines the obligations and responsibilities of both parties. It may include requirements for emerge Interactive, Inc. to diligently market and commercialize the licensed technology, maintain confidentiality, indemnify the licensor against any claims, or other relevant obligations. 7. Intellectual Property Rights: The license agreement clearly defines the ownership and control of the licensed intellectual property. It ensures that Iowa State University Research Foundation, Inc. retains ownership while granting emerge Interactive, Inc. exclusive rights for use, commercialization, and limited sublicensing within Arizona. Different types of Arizona Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may exist based on the specific technology, inventions, or IP assets involved. Each agreement will be tailored to the unique circumstances and requirements of the licensed intellectual property and may involve variations in terms and conditions to suit the nature of the innovation being licensed.

An Exclusive License Agreement is a legal contract that grants the licensee (emerge Interactive, Inc.) exclusive rights to use and commercialize certain intellectual property owned by the licensor (Iowa State University Research Foundation, Inc.) within the state of Arizona. This agreement aims to outline the terms and conditions under which emerge Interactive, Inc. can benefit from the licensed intellectual property while ensuring that Iowa State University Research Foundation, Inc. retains ownership and control over their valuable inventions or innovations. The Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. encompasses various key provisions to govern their relationship. It includes clauses related to the scope of the license, duration, financial considerations, obligations, and intellectual property rights. Let's explore some important aspects using relevant keywords: 1. Scope: The agreement outlines the specific technology, invention, or IP asset covered by the exclusive license. This could include patents, trademarks, copyrights, trade secrets, or any other proprietary information developed by Iowa State University Research Foundation, Inc. 2. Territory: As specified in the agreement, the exclusive license is limited to the state of Arizona. This means that emerge Interactive, Inc. has the sole right to utilize and exploit the licensed technology exclusively within the boundaries of Arizona. 3. Duration: The agreement defines the period during which the exclusive license is valid. It may have a fixed term or be subject to renewal or termination based on certain conditions, such as milestones, payment obligations, or breach of contract. 4. Financial Considerations: The agreement sets forth the financial terms and conditions of the license. This includes upfront payments, ongoing royalty fees, and any other financial arrangements agreed upon by both parties. 5. Reporting and Audit: The licensee is usually required to submit regular reports to the licensor, detailing their utilization of the licensed IP, sales figures, and any relevant financial information. Additionally, the licensor retains the right to audit the licensee's records to ensure compliance. 6. Obligations and Restrictions: The agreement outlines the obligations and responsibilities of both parties. It may include requirements for emerge Interactive, Inc. to diligently market and commercialize the licensed technology, maintain confidentiality, indemnify the licensor against any claims, or other relevant obligations. 7. Intellectual Property Rights: The license agreement clearly defines the ownership and control of the licensed intellectual property. It ensures that Iowa State University Research Foundation, Inc. retains ownership while granting emerge Interactive, Inc. exclusive rights for use, commercialization, and limited sublicensing within Arizona. Different types of Arizona Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may exist based on the specific technology, inventions, or IP assets involved. Each agreement will be tailored to the unique circumstances and requirements of the licensed intellectual property and may involve variations in terms and conditions to suit the nature of the innovation being licensed.