Kansas Technology License Agreement with a Research Organization as Licensor

• Category: Technology - Licenses
• State: Multi-State
• Control #: US-02633BG
• Format: Word; Rich Text

Description

By a technology licensing agreement the licensor authorizes the licensee to use the technology under certain agreed terms and conditions. It is, therefore, a contract freely entered into between two parties and contains terms and conditions so agreed. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. Kansas Technology License Agreement with a Research Organization as Licensor A Kansas Technology License Agreement with a Research Organization as Licensor is a legally binding contract that outlines the terms and conditions for the transfer of technology from a research organization in Kansas to a licensee. This agreement allows a licensee to use and exploit the licensed technology for commercial purposes while ensuring that the rights and interests of the research organization as the licensor are protected. Key Terms and Clauses: 1. Parties: The agreement identifies the licensor, which is the research organization, and the licensee, who intends to use the licensed technology for commercial purposes. 2. Definitions: This section defines important terms used throughout the agreement to provide clarity and avoid any misunderstandings. 3. Scope of License: The agreement details the specific technology or intellectual property (IP) being licensed by the research organization to the licensee. It may include patents, trademarks, copyrights, trade secrets, or any other form of technology developed by the research organization. 4. Grant of License: This clause outlines the rights granted to the licensee, such as the right to use, manufacture, sell, or sublicense the licensed technology within a defined geographical area and for a specified duration. 5. License Fees and Royalties: The agreement specifies any upfront license fees (if applicable) and the royalty rates to be paid by the licensee to the licensor for the use of the licensed technology. Royalty payments may be based on a percentage of net sales or a fixed amount per unit sold. 6. Exclusivity: This clause determines whether the license granted to the licensee is exclusive or non-exclusive. An exclusive license grants the licensee the sole right to exploit the licensed technology, while a non-exclusive license allows the licensor to grant similar licenses to other parties. 7. Intellectual Property Ownership: The agreement clarifies that the research organization maintains the ownership of the licensed technology, and the licensee has no right or claim to the licensor's IP rights other than the rights specified in the license agreement. 8. Confidentiality and Non-Disclosure: Both parties agree to keep all confidential information exchanged during the term of the agreement confidential and not disclose it to any third parties without prior written consent. 9. Representations and Warranties: The licensor represents that it has the necessary rights to grant the license and that the licensed technology does not infringe upon any third-party intellectual property rights. The licensee acknowledges that the licensed technology is provided "as is" and assumes responsibility for its use. Types of Kansas Technology License Agreements with a Research Organization as Licensor: 1. Exclusive License Agreement: Grants the licensee exclusive rights to use and exploit the licensed technology, preventing the licensor from granting similar licenses to other parties. 2. Non-Exclusive License Agreement: Grants the licensee non-exclusive rights to use and exploit the licensed technology, allowing the licensor to grant similar licenses to other parties. 3. Territory-Specific License Agreement: Restricts the licensee's use and exploitation of the licensed technology to a specific geographical area, defined in the agreement. 4. Restricted Field License Agreement: Limits the licensee's use and exploitation of the licensed technology to a specific application or field, preventing its use in other unrelated industries or sectors. In summary, a Kansas Technology License Agreement with a Research Organization as Licensor establishes the rights and obligations of both the research organization and licensee regarding the use and exploitation of licensed technology. With various types of agreements available, parties can negotiate and customize the terms based on their specific requirements and business objectives.

Kansas Technology License Agreement with a Research Organization as Licensor A Kansas Technology License Agreement with a Research Organization as Licensor is a legally binding contract that outlines the terms and conditions for the transfer of technology from a research organization in Kansas to a licensee. This agreement allows a licensee to use and exploit the licensed technology for commercial purposes while ensuring that the rights and interests of the research organization as the licensor are protected. Key Terms and Clauses: 1. Parties: The agreement identifies the licensor, which is the research organization, and the licensee, who intends to use the licensed technology for commercial purposes. 2. Definitions: This section defines important terms used throughout the agreement to provide clarity and avoid any misunderstandings. 3. Scope of License: The agreement details the specific technology or intellectual property (IP) being licensed by the research organization to the licensee. It may include patents, trademarks, copyrights, trade secrets, or any other form of technology developed by the research organization. 4. Grant of License: This clause outlines the rights granted to the licensee, such as the right to use, manufacture, sell, or sublicense the licensed technology within a defined geographical area and for a specified duration. 5. License Fees and Royalties: The agreement specifies any upfront license fees (if applicable) and the royalty rates to be paid by the licensee to the licensor for the use of the licensed technology. Royalty payments may be based on a percentage of net sales or a fixed amount per unit sold. 6. Exclusivity: This clause determines whether the license granted to the licensee is exclusive or non-exclusive. An exclusive license grants the licensee the sole right to exploit the licensed technology, while a non-exclusive license allows the licensor to grant similar licenses to other parties. 7. Intellectual Property Ownership: The agreement clarifies that the research organization maintains the ownership of the licensed technology, and the licensee has no right or claim to the licensor's IP rights other than the rights specified in the license agreement. 8. Confidentiality and Non-Disclosure: Both parties agree to keep all confidential information exchanged during the term of the agreement confidential and not disclose it to any third parties without prior written consent. 9. Representations and Warranties: The licensor represents that it has the necessary rights to grant the license and that the licensed technology does not infringe upon any third-party intellectual property rights. The licensee acknowledges that the licensed technology is provided "as is" and assumes responsibility for its use. Types of Kansas Technology License Agreements with a Research Organization as Licensor: 1. Exclusive License Agreement: Grants the licensee exclusive rights to use and exploit the licensed technology, preventing the licensor from granting similar licenses to other parties. 2. Non-Exclusive License Agreement: Grants the licensee non-exclusive rights to use and exploit the licensed technology, allowing the licensor to grant similar licenses to other parties. 3. Territory-Specific License Agreement: Restricts the licensee's use and exploitation of the licensed technology to a specific geographical area, defined in the agreement. 4. Restricted Field License Agreement: Limits the licensee's use and exploitation of the licensed technology to a specific application or field, preventing its use in other unrelated industries or sectors. In summary, a Kansas Technology License Agreement with a Research Organization as Licensor establishes the rights and obligations of both the research organization and licensee regarding the use and exploitation of licensed technology. With various types of agreements available, parties can negotiate and customize the terms based on their specific requirements and business objectives.