Illinois Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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How to fill out Exclusive License Agreement Between Iowa State University Research Foundation, Inc. And EMerge Interactive, Inc.?
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FAQ
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 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.
Generally speaking, EULAs are enforceable contracts, to the extent that any other contract is enforceable (at least in the U.S.). Obviously, the usual exceptions apply, such as unconscionability and UCC limitations on warranty waivers and such.
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.
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 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.