A Kentucky Exclusive License Agreement is a legally binding contract established between Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. This agreement grants emerge Interactive exclusive rights to certain intellectual property developed or owned by SURF within the state of Kentucky. Under this agreement, emerge Interactive obtains sole permission to utilize, sell, market, or sublicense the licensed technology within the specified geographical boundaries. The agreement ensures that no other entity can benefit from or exploit the intellectual property covered by the agreement in Kentucky without the explicit consent of emerge Interactive. The Kentucky Exclusive License Agreement between SURF and emerge Interactive is designed to protect the interests of both parties involved. SURF, as the licensing entity, ensures that its intellectual property is effectively commercialized, benefiting both the university and its researchers. On the other hand, emerge Interactive gains a competitive advantage by securing exclusive rights to the licensed technology, enabling them to establish a dominant position in the Kentucky market. There may be different types of Kentucky Exclusive License Agreements between SURF and emerge Interactive, depending on the specific technologies or intellectual property being licensed. These agreements may differ in scope, duration, or exclusivity. For example, the agreement could cover patents related to medical devices, software algorithms, or agricultural technologies. Each agreement will be tailored to the respective technology and the parties' specific requirements and expectations. Overall, the Kentucky Exclusive License Agreement between SURF and emerge Interactive forms a crucial foundation for technology transfer, promoting innovation, economic growth, and collaboration between academia and industry.
Kentucky Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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