The Maine Exclusive License Agreement is a legal document that establishes a mutually beneficial partnership between Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. This agreement grants emerge Interactive, Inc. an exclusive license to commercialize certain technologies or intellectual property developed by SURF within the state of Maine. This license agreement outlines the rights and responsibilities of both parties involved. It provides emerge Interactive, Inc. with the exclusive rights to develop, manufacture, market, and sell products or services based on the intellectual property licensed from SURF. In return, emerge Interactive, Inc. agrees to fulfill certain obligations, including paying royalties or fees to SURF in accordance with the agreed-upon financial terms. The primary purpose of the Maine Exclusive License Agreement is to support and promote innovation, research, and development efforts undertaken by SURF and facilitate the commercialization of any resulting technologies. By granting emerge Interactive, Inc. exclusive rights within the state of Maine, SURF aims to create a partnership that encourages the utilization of its intellectual property for the economic benefit of the region. It is worth mentioning that there can be variations or different types of Maine Exclusive License Agreements between SURF and emerge Interactive, Inc. These may include: 1. Technology-Specific Exclusive License Agreement: This type of agreement grants emerge Interactive, Inc. exclusive rights to commercialize a specific technology or invention developed by SURF within the state of Maine. It outlines the scope of the license, any field-of-use restrictions, and other relevant terms specific to that technology. 2. Territory-Specific Exclusive License Agreement: In some cases, the exclusive license granted to emerge Interactive, Inc. may be limited to a specific geographic region within Maine. This type of agreement defines the boundaries within which emerge Interactive, Inc. can exercise its exclusive rights and market the licensed technology. 3. Time-Limited Exclusive License Agreement: Occasionally, the exclusive license granted to emerge Interactive, Inc. may be time-bound. This means that the exclusivity period for commercializing the licensed technology is limited to a specific duration. Once the time limit expires, SURF may choose to either renegotiate the agreement or open up the opportunity for other parties to license the technology. Regardless of the specific type of Maine Exclusive License Agreement, the objective remains consistent — to foster innovation, support research, and encourage the successful commercialization of intellectual property within the state of Maine.
Maine Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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How to fill out Maine Exclusive License Agreement Between Iowa State University Research Foundation, Inc. And EMerge Interactive, Inc.?
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