Connecticut Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The Connecticut Exclusive License Agreement is a legally binding contract between Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. This agreement grants emerge Interactive exclusive rights to a particular invention or technology developed by SURF, within the state of Connecticut. The purpose of this agreement is to enable emerge Interactive to commercialize and further develop the aforementioned invention, while also providing financial benefits to SURF as the licensor. This type of agreement is often used when a university or research institution wants to transfer its technology to a private entity for commercialization purposes. The main keywords relevant to this agreement include: 1. Exclusive License: This agreement grants emerge Interactive exclusive rights to the specific invention or technology. This means that emerge Interactive will be the sole entity authorized to exploit, produce, sell, and distribute the licensed technology within Connecticut. 2. Connecticut: This keyword indicates the geographical scope of the agreement. The exclusive license is limited to activities taking place within the state of Connecticut. Other licenses for different geographical areas may exist, but this specific agreement is designed to cover only Connecticut. 3. Iowa State University Research Foundation, Inc. (SURF): SURF is the research foundation affiliated with Iowa State University. As the licensor in this agreement, SURF holds the intellectual property rights to the invention or technology being licensed. 4. emerge Interactive, Inc.: emerge Interactive is the licensee in this agreement. They are the private entity that will receive exclusive rights to commercialize and develop the licensed technology within Connecticut. Different types of Connecticut Exclusive License Agreements between SURF and emerge Interactive, Inc. may exist based on the specific invention or technology being licensed. These agreements could relate to a diverse range of fields such as biotechnology, engineering, software development, or pharmaceuticals. The agreements may also differ in terms of the financial arrangements, duration, and any additional obligations or restrictions imposed one Merge Interactive. Overall, the Connecticut Exclusive License Agreement between SURF and emerge Interactive, Inc. represents a partnership aimed at fostering innovation, enabling technology transfer, and promoting economic growth within the state of Connecticut.
Connecticut Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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FAQ
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.
An Enterprise License Agreement (ELA) is an agreement between a vendor and a customer, which provides that customer with access to the vendor's services for a fixed, pre-defined period of time, often with the option to extend for another period.
CUSTOMER shall exclusively use and sell the Products at the XYZ; provided, however, that CUSTOMER shall be permitted, during the term hereof, and in its sole discretion, to purchase any or all oil and air filters from a foreign (non-domestic) supply source.
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).
An exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.
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.