The District of Columbia Exclusive License Agreement between Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. is a comprehensive legal contract that grants emerge Interactive exclusive rights to utilize certain intellectual property developed by SURF within the District of Columbia. This agreement is designed to protect and regulate the rights of both parties involved in the transaction. It outlines the terms and conditions for the license, including the scope of the exclusive rights granted to emerge Interactive. The agreement also defines the specific intellectual property covered under the agreement, which may include patents, trademarks, copyrights, trade secrets, or any other proprietary knowledge. Moreover, the agreement sets forth the obligations and responsibilities of emerge Interactive as the licensee. This includes the requirement to commercialize the licensed intellectual property within a specified timeframe, pay any applicable royalties or licensing fees, and maintain the confidentiality of any proprietary information provided by SURF. Furthermore, the District of Columbia Exclusive License Agreement may contain provisions related to the termination of the license, dispute resolution mechanisms, and indemnification clauses to safeguard the interests of both parties. Different types of District of Columbia Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may vary depending on the specific intellectual property being licensed. For example, there could be separate agreements for patents, trademarks, or copyrights, each covering different technologies or inventions developed by SURF. In summary, the District of Columbia Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is a legally binding contract that outlines the exclusive rights granted to emerge Interactive to utilize specific intellectual property within the District of Columbia. It ensures the protection and commercialization of SURF's intellectual property while defining the responsibilities and obligations of both parties involved in the agreement.
District of Columbia Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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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.
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.
The difference between exclusive and non-exclusive agreement refers to how vendors and partners work with each other. Exclusive agreements exclude competitors for a set period of time, while non-exclusive agreements allow for competitors, often as motivating tools.
Exclusive and Non-Exclusive Licenses A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
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 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.