North Dakota Technology License Agreement is a legally binding contract between a technology developer and a licensee who wishes to design, develop, and market Internet-based electronic banking applications within the state of North Dakota. This agreement outlines the terms and conditions regarding the rights, obligations, and responsibilities of both parties involved. The agreement covers various aspects related to the development and use of technology for electronic banking applications. It includes provisions regarding intellectual property rights, licensing fees, confidentiality, warranties, indemnification, termination, and dispute resolution. The agreement is designed to protect the interests of both the technology developer and the licensee, ensuring a fair and mutually beneficial business relationship. Keywords: 1. North Dakota: Refers to the state in which the Technology License Agreement is being executed. 2. Technology License Agreement: The legal contract regulating the terms of licensing technology for electronic banking applications. 3. Designing: The process of planning and creating the user interface and visual elements of the electronic banking applications. 4. Developing: The process of programming and coding the electronic banking applications to function as intended. 5. Marketing: The activities involved in promoting and advertising the electronic banking applications to potential users and customers. 6. Internet-based: Refers to the applications and services that operate and utilize the internet for their functionality. 7. Electronic banking applications: Software programs and platforms designed to facilitate various banking activities such as account management, payment processing, fund transfers, and other financial transactions. Different types of North Dakota Technology License Agreements regarding designing, developing, and marketing Internet-based electronic banking applications may include: 1. Standard Technology License Agreement: This is the most common type of agreement where the technology developer grants the licensee the rights to use and market the technology for electronic banking applications within the specified jurisdiction. 2. Exclusive Technology License Agreement: In this type of agreement, the licensee is granted exclusive rights to use and market the technology within a particular market or geographic location within North Dakota. 3. Non-exclusive Technology License Agreement: This agreement allows multiple licensees to use and market the technology simultaneously within North Dakota, without any exclusive rights being conferred to any particular licensee. 4. Limited Term Technology License Agreement: This type of agreement establishes a specific timeframe during which the licensee can use and market the technology for electronic banking applications. Once the term expires, the agreement may be renegotiated or terminated. 5. Joint Venture Technology License Agreement: In certain cases, technology developers and licensees may opt for a joint venture agreement where both parties collaborate and share resources, rights, and responsibilities to design, develop, and market Internet-based electronic banking applications collectively in North Dakota. It is important to consult with legal professionals and experts in technology licensing to ensure that the specific requirements and nuances of a North Dakota Technology License Agreement are addressed effectively.
North Dakota Technology License Agreement regarding designing, developing and marketing Internet based electronic banking applications
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State:
Multi-State
Control #:
US-EG-9291
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Word;
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Description
Technology License Agreement between 724 Solutions, Inc. and Bank of America National Trust and Savings Association regarding designing, developing and marketing Internet based electronic banking applications over a variety of access platforms dated
North Dakota Technology License Agreement is a legally binding contract between a technology developer and a licensee who wishes to design, develop, and market Internet-based electronic banking applications within the state of North Dakota. This agreement outlines the terms and conditions regarding the rights, obligations, and responsibilities of both parties involved. The agreement covers various aspects related to the development and use of technology for electronic banking applications. It includes provisions regarding intellectual property rights, licensing fees, confidentiality, warranties, indemnification, termination, and dispute resolution. The agreement is designed to protect the interests of both the technology developer and the licensee, ensuring a fair and mutually beneficial business relationship. Keywords: 1. North Dakota: Refers to the state in which the Technology License Agreement is being executed. 2. Technology License Agreement: The legal contract regulating the terms of licensing technology for electronic banking applications. 3. Designing: The process of planning and creating the user interface and visual elements of the electronic banking applications. 4. Developing: The process of programming and coding the electronic banking applications to function as intended. 5. Marketing: The activities involved in promoting and advertising the electronic banking applications to potential users and customers. 6. Internet-based: Refers to the applications and services that operate and utilize the internet for their functionality. 7. Electronic banking applications: Software programs and platforms designed to facilitate various banking activities such as account management, payment processing, fund transfers, and other financial transactions. Different types of North Dakota Technology License Agreements regarding designing, developing, and marketing Internet-based electronic banking applications may include: 1. Standard Technology License Agreement: This is the most common type of agreement where the technology developer grants the licensee the rights to use and market the technology for electronic banking applications within the specified jurisdiction. 2. Exclusive Technology License Agreement: In this type of agreement, the licensee is granted exclusive rights to use and market the technology within a particular market or geographic location within North Dakota. 3. Non-exclusive Technology License Agreement: This agreement allows multiple licensees to use and market the technology simultaneously within North Dakota, without any exclusive rights being conferred to any particular licensee. 4. Limited Term Technology License Agreement: This type of agreement establishes a specific timeframe during which the licensee can use and market the technology for electronic banking applications. Once the term expires, the agreement may be renegotiated or terminated. 5. Joint Venture Technology License Agreement: In certain cases, technology developers and licensees may opt for a joint venture agreement where both parties collaborate and share resources, rights, and responsibilities to design, develop, and market Internet-based electronic banking applications collectively in North Dakota. It is important to consult with legal professionals and experts in technology licensing to ensure that the specific requirements and nuances of a North Dakota Technology License Agreement are addressed effectively.
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