What does licensing a patent mean?

A patent license is an agreement that lets someone else commercially make, use, and sell your invention for a specified period. The owner of the invention (patent) is the 'licensor,' and the person who is receiving the license is the 'licensee. ' Licensing deals involve payment for the license.

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Exclusive Patent Sublicense Agreement

Kansas Exclusive Patent Sublicense Agreement

Name: Kansas Exclusive Patent Sublicense Agreement
Brand: US Legal Forms
Rating: 4.57 (500 reviews)

Category:

Contracts - Patent

State:

Multi-State

Control #:

US-1002BG

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A patent is a grant of a property right by the Government to an inventor. The United States Constitution gives Congress the right to provide for patent protection in legislation in order to encourage useful inventions. The patent itself provides a detailed description of the invention, and how it is used or how to make it. A patent enables the owner to exclude others from making, using or selling the invention for the life of the patent. A Kansas Exclusive Patent Sublicense Agreement refers to a legally binding contract that grants the rights to sublicense a particular patent exclusively within the state of Kansas. This agreement outlines the terms and conditions under which the patent owner (licensor) allows another party (licensee) to sublicense the patent to third parties for commercial use within the state. This agreement includes various relevant terms and keywords such as: 1. Kansas Exclusive Patent Sublicense Agreement: This specifies that the sublicense agreement is limited to the state of Kansas only, ensuring that the sublicensed patent rights cannot be exercised elsewhere. 2. Licensee: The party who is granted the exclusive sublicense rights within Kansas. 3. Licensor: The original patent owner who grants the sublicense rights to the licensee. 4. Patent: Refers to an exclusive right granted to an inventor for a new and useful invention or technology, ensuring monopoly rights for a specified period. 5. Exclusive Sublicense: This agreement specifically allows the licensee to sublicense the patent exclusively within Kansas, preventing any other party from using or sublicensing the same patent to third parties within the state. 6. Commercial Use: The sublicense agreement typically defines the scope and limitations of the commercial use of the patented technology, ensuring compliance with the licensing terms. 7. Intellectual Property: This agreement covers the intellectual property rights associated with the patented technology and ensures their protection by granting exclusive sublicensing rights. 8. Royalties: A Kansas Exclusive Patent Sublicense Agreement usually outlines the payment terms, including royalties that the licensee must pay to the licensor for every sublicense granted or for the commercial use of the patent. 9. Term and Termination: The agreement specifies the duration of the sublicense, including any renewal or termination clauses, protecting the interests of both the licensor and licensee. 10. Confidentiality: The agreement might include confidentiality clauses to safeguard any proprietary information shared during the sublicense process. Types of Kansas Exclusive Patent Sublicense Agreements may vary depending on the specific industry or field. For example, there could be agreements related to medical patents, software patents, mechanical patents, or any other technological innovation. These agreements may differ in terms of the patented technology, market scope, and specific licensing terms and conditions.

A Kansas Exclusive Patent Sublicense Agreement refers to a legally binding contract that grants the rights to sublicense a particular patent exclusively within the state of Kansas. This agreement outlines the terms and conditions under which the patent owner (licensor) allows another party (licensee) to sublicense the patent to third parties for commercial use within the state. This agreement includes various relevant terms and keywords such as: 1. Kansas Exclusive Patent Sublicense Agreement: This specifies that the sublicense agreement is limited to the state of Kansas only, ensuring that the sublicensed patent rights cannot be exercised elsewhere. 2. Licensee: The party who is granted the exclusive sublicense rights within Kansas. 3. Licensor: The original patent owner who grants the sublicense rights to the licensee. 4. Patent: Refers to an exclusive right granted to an inventor for a new and useful invention or technology, ensuring monopoly rights for a specified period. 5. Exclusive Sublicense: This agreement specifically allows the licensee to sublicense the patent exclusively within Kansas, preventing any other party from using or sublicensing the same patent to third parties within the state. 6. Commercial Use: The sublicense agreement typically defines the scope and limitations of the commercial use of the patented technology, ensuring compliance with the licensing terms. 7. Intellectual Property: This agreement covers the intellectual property rights associated with the patented technology and ensures their protection by granting exclusive sublicensing rights. 8. Royalties: A Kansas Exclusive Patent Sublicense Agreement usually outlines the payment terms, including royalties that the licensee must pay to the licensor for every sublicense granted or for the commercial use of the patent. 9. Term and Termination: The agreement specifies the duration of the sublicense, including any renewal or termination clauses, protecting the interests of both the licensor and licensee. 10. Confidentiality: The agreement might include confidentiality clauses to safeguard any proprietary information shared during the sublicense process. Types of Kansas Exclusive Patent Sublicense Agreements may vary depending on the specific industry or field. For example, there could be agreements related to medical patents, software patents, mechanical patents, or any other technological innovation. These agreements may differ in terms of the patented technology, market scope, and specific licensing terms and conditions.

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How to fill out Kansas Exclusive Patent Sublicense Agreement?

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Key Takeaways. 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 right to sublicense allows that licensee to give those rights to yet another party (sublicensee) that was not part of the original agreement. When express permission exists, there are normally no issues between the licensor and licensee, and the right to sublicense is relatively clear-cut.

A patent owner can license his invention for many reasons, such as, he may not have enough money to or manufacturing facilities, so he gives license to third party to make, sell and distribute his patented invention in return of 'royalty'.

An exclusive license grants the licensee singular permission to exploit the intellectual property in question. No other entity, including the party granting the license (the licensor), is allowed to use the intellectual property covered by the license unless specific carve-outs are included in the agreement.

Steps to File a Patent LicenseLocate Manufacturers. Identify potential licensees.Sign a Confidentiality Agreement. Ask potential licensees to sign a confidentiality agreement to protect rights to your intellectual property.Negotiate Patent License.Complete a Patent License Agreement.

A sublicense agreement is a legal document that outlines the terms and conditions where one business owner allows another party to use their intellectual property. The original business owner, or licensor, often has the exclusive right to license specific intellectual property for a certain period of time.

A patent license is an agreement that lets someone else commercially make, use, and sell your invention for a specified period. The owner of the invention (patent) is the 'licensor,' and the person who is receiving the license is the 'licensee. ' Licensing deals involve payment for the license.

Legal Definition of sublicense : a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license.

In fact, it is generally held that a nonexclusive patent licensee cannot grant sublicenses unless it is expressly granted such right. However, exclusive licenses commonly include a right to sublicense, at least with the consent of the licensor.

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the Patents under the terms and conditions set forth herein;. WHEREAS, the Parties agree that this Agreement is entered due to the unique ... Certain terms used in this Agreement are defined as set forth below;"Sublicense" shall mean the non-exclusive, non- transferable license Cerner ...For the limited scope of this Agreement, KSU and the Kansas State UniversityARTICLE 6: PATENT PROSECUTION 6.1 FOUNDATION shall have full and complete ... Licensors use license agreements to grant their licensees the right to use2008); Exclusive Patent License Agreement - Massachusetts Institute of ... Patent license is an agreement by the licensor/patent ownerwill cover many years.Especially in non-exclusive licenses, sublicense provisions.7 pagesMissing: Kansas ? Must include: Kansas patent license is an agreement by the licensor/patent ownerwill cover many years.Especially in non-exclusive licenses, sublicense provisions. In arguing that the License Agreement conveyed all substantial rights in the Patent to SolmeteX as an exclusive licensee, plaintiff relies on SolmeteX's ... Facilities license rights in a patent application or issued patent forexclusive licensee will first be provided the right to sublicense the exclusively. By NS Hirshman · 2007 · Cited by 9 ? Treatment of executory contracts in bankruptcy is governed by § 365 of the Unitedassignability of exclusive patent licenses as directly as Gardner v. 2.1 License Granted to Pfizer under the Patent Rights. KU grants to Pfizer an exclusive license, including the right to grant sublicenses, to manufacture, ... The patents-in-suit cover the formulation of bortezomib, sold as VELCADE®.Agreement, COBI received, among other rights, a non-exclusive sublicense to ...

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Kansas Exclusive Patent Sublicense Agreement

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