The Indiana Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a legally binding document that outlines the terms and conditions under which Gentling, Inc. can use certain intellectual property assets owned by the University of North Texas Health Science Center. The agreement grants Gentling, Inc. a non-exclusive license to use the specified intellectual property for commercial purposes within the state of Indiana. The intellectual property may include patents, copyrights, trademarks, trade secrets, or any other form of tangible or intangible property owned by the University. This agreement is designed to protect the interests of both parties involved. It sets forth the rights and responsibilities of Gentling, Inc. as the licensee and the University as the licensor. The University retains ownership of the intellectual property and reserves the right to grant licenses to other parties as deemed appropriate. The Indiana Collateral License Agreement also includes provisions for royalties or other financial considerations that Gentling, Inc. may be required to pay to the University. These payments may be a predetermined amount or a percentage of revenues generated from the use of the licensed intellectual property. Additionally, the agreement outlines obligations related to confidentiality, non-disclosure, and non-use of the licensed intellectual property by Gentling, Inc. The company is obligated to protect the confidential information and trade secrets of the University and to use the intellectual property only for the purposes specified in the agreement. It is important to note that there may be different types or variations of the Indiana Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center, depending on the specific intellectual property being licensed. These variations may address different terms, conditions, or restrictions based on the nature of the intellectual property and the intended use by Gentling, Inc. Some example variations of the Indiana Collateral License Agreement could include agreements specifically for licensing patents related to pharmaceutical innovations, agreements for licensing copyrighted software or research materials, or agreements for licensing trademarks for branding and marketing purposes. In conclusion, the Indiana Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a detailed contractual arrangement that governs the use of intellectual property assets owned by the University. Through this agreement, Gentling, Inc. gains the right to utilize specified intellectual property for commercial purposes within Indiana, while the University retains ownership and safeguards its rights and interests.