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Patent License Agreement

Indiana Patent License Agreement

Name: Indiana Patent License Agreement
Brand: US Legal Forms
Rating: 4.62 (271 reviews)

Category:

Copyrights Patents and Trademarks - Licensing

State:

Multi-State

Control #:

US-CP5B11

Format:

Instant download

Description

This agreement is used when a Licensor has made certain new and useful innovations. The agreement gives the Licensee a license to exploit these new and useful innovations in the marketplace and make a profit from them.

How to fill out Indiana Patent License Agreement?

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FAQ

Patent licensing lets you transfer the risk to another party. Not all inventors can produce a product or design on a large scale. Patent licensing can introduce your invention to a bigger market.

Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.

Types of licensing agreement The unique feature of this type of agreement is that even the licensor is excluded to use or exploit the licensed property during the term of the agreement. Copyright, trademark and patent licenses are the best examples of an exclusive license agreement.

Licensing agreements are found in many different industries. An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.

In short, a patent license agreement is a legal contract created to define the terms under which a licensee may create, sell, and use a patented invention from a licensor (or patent owner). This agreement also spells out how royalties will be paid to the licensor/patent owner.

In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

The steps for making a license agreement are as follows:Download a template for a licensing agreement.Choose your role as the licensor or licensee.Define the license(s) in the agreement.Decide whether the license is exclusive or not.Settle the matter of fees and payment schedule.Add a renewal date and rules.More items...?

Examples of Licensing Agreements An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.

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By PBC Jones · 1993 · Cited by 15 ? A patent license agreement is in essence nothing more than a promise by theThe Indiana federal district court concluded that violation of a license ...18 pages by PBC Jones · 1993 · Cited by 15 ? A patent license agreement is in essence nothing more than a promise by theThe Indiana federal district court concluded that violation of a license ... In short, a patent license agreement is a legal contract created to define the terms under which a licensee may create, sell, and use a patented invention ...Equipment, machines, electronic devices: Patent. License Agreement Terms and Conditions. Drafting a good license agreement, either from the perspective of the ... By GL Priest · 1977 · Cited by 184 ? 21 But the conditions for and effects of price-fixing are different for patent licenses than for other agreements be- tween competitors. A. Restraining Trade ... By K Leute · 2010 · Cited by 1 ? licenses to the patent falling under the agreement (licensedunperformed that the failure of either to complete performance would ...475 pages by K Leute · 2010 · Cited by 1 ? licenses to the patent falling under the agreement (licensedunperformed that the failure of either to complete performance would ... Form 10-K for the Fiscal Year Ended December 31, 2007. File No. 001-06351The compound patent for Alimta is subject to a license agreement with ... Some schools write patent licenses that include the know-howthrough side agreements, and the possibility of a royalty stream outside the patent rights, ... The original case involved a trademark licensing agreement and whether theThis second complaint, filed by an Indiana patent lawyer, ... The Bayh?Dole Act or Patent and Trademark Law Amendments Act (Pub. L. 96-517, December 12, 1980) is United States legislation dealing with inventions ... Logic Key retains all rights in the Licensed Product not expressly granted in this Agreement including patent, trademark, copyright, and trade secret rights.

Indiana Patent License Agreement

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