This document is a technology license between two companies entering into a joint venture. They agree to market and sell the product described in the license agreement.
Missouri Technology License refers to a legal agreement that allows individuals, businesses, or organizations to use technological innovations or intellectual property owned by the state of Missouri. This license grants authorized parties the right to commercialize, utilize, or develop technologies developed by the state or its research institutions. The Missouri Technology License serves as a means to encourage innovation and economic growth within the state by providing opportunities for public-private collaborations and technology transfer. Through this license, Missouri aims to facilitate the advancement of cutting-edge technologies developed in the state's research institutions, such as universities, laboratories, or think tanks, into practical applications that benefit society. There are several types of Missouri Technology Licenses available, each tailored to meet the specific needs and requirements of different technological innovations. Some notable types include: 1. Exclusive License: This type of license grants exclusive rights to a licensee, prohibiting anyone else, including the state, from using, manufacturing, or selling the technology covered under the license. 2. Non-Exclusive License: In contrast to an exclusive license, a non-exclusive license allows multiple licensees to use the technology simultaneously. This type of license often promotes wider dissemination and adoption of technology. 3. Start-Up License: This type of license specifically caters to start-up companies, providing them with favorable licensing terms, reduced royalties, or other incentives to facilitate their growth and development. Start-Up Licenses often encourage entrepreneurship and support emerging businesses. 4. Research License: Research licenses enable researchers, typically employed by universities or research institutions, to use Missouri's technologies solely for research and academic purposes. This type of license allows researchers to study and explore the technology's potential before commercializing it. 5. Evaluation License: An evaluation license permits interested parties to evaluate the feasibility or effectiveness of a particular technology before committing to a full license. This temporary license enables rigorous testing and evaluation while protecting the state's intellectual property. 6. Joint Venture License: A joint venture license allows multiple entities, such as private businesses and universities, to collaborate and jointly develop a technology. This license ensures that all parties have a shared interest in the technology's success. In conclusion, the Missouri Technology License is a comprehensive framework that promotes technology transfer, innovation, and collaboration between the state and various entities. By offering different types of licenses, Missouri enables technology commercialization across various sectors, fostering economic growth, and driving technological advancements within the state.
