North Dakota Exclusive Field of Use License Agreement
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FAQ
Features of the Option NERF License: Upon project approval, a sponsor may elect to negotiate a research agreement which provides the sponsor with commercial, non-exclusive, royalty-free license in a defined field of use for any invention that is conceived or reduced to practice in the performance of the research.
Co-Exclusive means as to Licensor that Licensor has the limited license and right to itself (or through any of its wholly-owned Subsidiaries) make any and all use of the U.S.
A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
Nonexclusive Royalty-Free License (NERF): a grant of rights to IP that allows the licensee to practice the IP rights without additional compensation. Some NERFs are limited to internal research purposes, meaning the licensee is limited to practice the IP rights solely in continued research and development.
An exclusive patent license means that no person or business other than the named licensee can use the intellectual property rights. Under federal law, an exclusive license allows only one licensee to make, use, or sell an invention during a patent's lifespan for commercial purposes.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
The phrase sole and exclusive license, for example, is common yet contradictory. Sole, on the one hand, means only one person has the legal right to use the product. Exclusive, however, actually means only one other person has that right.
Non-exclusive licenses grant the licensee rights in the intellectual property but also allow the licensor rights to exploit the intellectual property in question including granting licenses to other entities. In general, non-exclusive licensees face competition from other licensees.
Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else.
