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.
Hawaii Technology License, also known as HTL, refers to a specific type of license granted in the state of Hawaii that enables individuals and organizations to legally protect and commercialize their technological inventions, innovations, and intellectual property. This license allows the license holder to utilize their technology for various commercial purposes within the state. The Hawaii Technology License is primarily governed by the University of Hawaii (UH) and its Office of Technology Transfer and Economic Development (OPTED). UH holds various patents and intellectual property rights, which can be licensed to interested parties for further development, manufacturing, and distribution. This license is aimed at promoting economic growth, technological advancement, and innovation within the state. There are several types of Hawaii Technology Licenses available, including: 1. Non-Exclusive License: This type of license grants permission to use the technology exclusively to the licensee while allowing the licensor to grant licenses to other parties as well. It is useful when the technology has the potential to be applied in multiple industries or areas. 2. Exclusive License: An exclusive license provides the licensee with sole rights to use the technology within a specific field or industry. With this license, the licensor agrees not to grant licenses to any other parties within the designated field, providing the licensee with a competitive advantage and the opportunity to fully exploit the technology's market potential. 3. Start-Up License: This license caters specifically to start-up companies or entrepreneurs who wish to commercialize technology developed at UH. It provides favorable terms and conditions for start-ups, including reduced or deferred payments, to encourage innovation and entrepreneurship. 4. Research License: This license is designed for researchers and academic institutions. It allows them to utilize UH patented technologies for research purposes, contributing to the advancement of knowledge and fostering collaboration between academia and industry. 5. Trademark License: In addition to patents and intellectual property rights, Hawaii Technology License may also include trademarks. A trademark license grants permission to use a specific brand name, logo, or slogan associated with the technology, ensuring proper brand representation and protection. Overall, Hawaii Technology License opens up opportunities for individuals, companies, and institutions to leverage UH's intellectual property, drive innovation, and contribute to economic growth within the state.Hawaii Technology License, also known as HTL, refers to a specific type of license granted in the state of Hawaii that enables individuals and organizations to legally protect and commercialize their technological inventions, innovations, and intellectual property. This license allows the license holder to utilize their technology for various commercial purposes within the state. The Hawaii Technology License is primarily governed by the University of Hawaii (UH) and its Office of Technology Transfer and Economic Development (OPTED). UH holds various patents and intellectual property rights, which can be licensed to interested parties for further development, manufacturing, and distribution. This license is aimed at promoting economic growth, technological advancement, and innovation within the state. There are several types of Hawaii Technology Licenses available, including: 1. Non-Exclusive License: This type of license grants permission to use the technology exclusively to the licensee while allowing the licensor to grant licenses to other parties as well. It is useful when the technology has the potential to be applied in multiple industries or areas. 2. Exclusive License: An exclusive license provides the licensee with sole rights to use the technology within a specific field or industry. With this license, the licensor agrees not to grant licenses to any other parties within the designated field, providing the licensee with a competitive advantage and the opportunity to fully exploit the technology's market potential. 3. Start-Up License: This license caters specifically to start-up companies or entrepreneurs who wish to commercialize technology developed at UH. It provides favorable terms and conditions for start-ups, including reduced or deferred payments, to encourage innovation and entrepreneurship. 4. Research License: This license is designed for researchers and academic institutions. It allows them to utilize UH patented technologies for research purposes, contributing to the advancement of knowledge and fostering collaboration between academia and industry. 5. Trademark License: In addition to patents and intellectual property rights, Hawaii Technology License may also include trademarks. A trademark license grants permission to use a specific brand name, logo, or slogan associated with the technology, ensuring proper brand representation and protection. Overall, Hawaii Technology License opens up opportunities for individuals, companies, and institutions to leverage UH's intellectual property, drive innovation, and contribute to economic growth within the state.
