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.
Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
Description
How to fill out Arizona Exclusive License Agreement Between Iowa State University Research Foundation, Inc. And EMerge Interactive, Inc.?
It is possible to commit hrs online looking for the authorized file web template that suits the state and federal needs you want. US Legal Forms supplies a large number of authorized varieties which can be examined by pros. It is simple to acquire or produce the Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc. from my assistance.
If you already possess a US Legal Forms profile, you may log in and click on the Download key. Next, you may complete, revise, produce, or indicator the Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.. Each and every authorized file web template you get is your own eternally. To get an additional backup for any bought develop, go to the My Forms tab and click on the corresponding key.
If you work with the US Legal Forms web site for the first time, keep to the easy directions under:
- First, make certain you have selected the best file web template for that county/city of your choosing. Read the develop description to ensure you have chosen the correct develop. If available, use the Review key to search from the file web template at the same time.
- If you want to find an additional model of your develop, use the Research area to obtain the web template that meets your requirements and needs.
- After you have identified the web template you would like, just click Acquire now to move forward.
- Select the prices plan you would like, key in your qualifications, and register for a free account on US Legal Forms.
- Comprehensive the financial transaction. You can utilize your charge card or PayPal profile to fund the authorized develop.
- Select the format of your file and acquire it to the product.
- Make adjustments to the file if necessary. It is possible to complete, revise and indicator and produce Arizona Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc..
Download and produce a large number of file layouts making use of the US Legal Forms Internet site, that offers the biggest collection of authorized varieties. Use expert and express-certain layouts to take on your company or personal demands.
Form popularity
FAQ
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.
A licence is analogous to the renting of a flat whereby the tenant is granted permission to use the flat for an agreed period of time. A licence can be exclusive or non-exclusive. An exclusive licence is one where the licensed right is exercisable only by the licensee and no one else (including the licensor).
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.
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.
An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.