This document is a technology license between two companies entering into a joint venture. They agree to market and sell the product described in the license agreement.
Connecticut Technology License, also known as the Connecticut Technology Transfer Agreement, is a legal agreement that allows for the transfer and licensing of technology developed by Connecticut-based entities such as universities, research institutions, or private companies. This license enables individuals or organizations to utilize, develop, or commercialize intellectual property, inventions, patents, software, or any innovative advancements created within the state. The Connecticut Technology License serves as a crucial mechanism for the effective transfer of technology from academic or research institutions to commercial entities. It encourages collaborations between technology developers and industry players, fostering innovation and economic growth within the state. There are various types of Connecticut Technology Licenses tailored to suit different needs and circumstances. Below are some examples: 1. Exclusive License: This type of license grants exclusive rights to a licensee, meaning that no other party can utilize or commercialize the licensed technology. 2. Non-Exclusive License: Unlike an exclusive license, a non-exclusive license allows multiple licensees to use the technology simultaneously. This encourages broader adoption and may lead to collaborations and improvements by multiple parties. 3. Evaluation License: An evaluation license allows a licensee to assess the technology's feasibility, performance, or market potential before entering into a more comprehensive licensing agreement. 4. Start-up License: This specific license is often designed for start-up companies that have emerged from academic institutions or research centers. It enables them to access and utilize technologies for commercial purposes, facilitating the establishment and growth of new ventures. 5. Research License: A research license permits academic institutions or research centers to use the licensed technology solely for academic or research purposes, rather than for commercialization. 6. Cross-License: In some cases, multiple parties with complementary technologies may engage in a cross-licensing agreement. This allows each party to utilize the other's technology while mitigating conflicts or licensing fees. Connecticut Technology Licenses typically address key aspects such as intellectual property rights, usage limitations, payment terms, confidentiality, royalty fees, sublicensing permissions, and dispute resolution mechanisms. These agreements help ensure a fair and mutually beneficial approach in technology transfer, balancing the interests of the technology holders and the licensees. Overall, the Connecticut Technology License plays a vital role in promoting technology transfer and stimulating innovation within the state of Connecticut. It facilitates the commercialization of inventions and research outcomes, fostering economic development, job creation, and collaborations between academia and industry.
