Is well water safe in NJ?

N.J. well water is among nation's 'most corrosive,' report says.

How do you value a licensing deal?

The first rule for setting the royalty rate for a license to use intellectual property is the 25 percent rule. This rule provides that the royalty rate a user of another's intellectual property must pay to the owner of that intellectual property is 25% of the operating profit of that product.

How do you negotiate licensing fees?

How to Negotiate a Licensing Agreement Like a ProDo your homework.Start with a term sheet.Manage your expectations.Be patient.Have a win-win attitude.Don't lose your sense of humor.Remember to hold something back.Put yourself in their shoes.More items...?06-Mar-2015

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License Agreement regarding the merchandising of technologies for...

New Jersey License Agreement regarding the merchandising of technologies for purifying water

Name: New Jersey License Agreement regarding the merchandising of technologies for purifying water
Brand: US Legal Forms
Rating: 4.59 (440 reviews)

Category:

Licenses - Water Purifications

State:

Multi-State

Control #:

US-EG-9436

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License Agreement between Water Technologies, Inc. and The University of South Florida Research Foundation, Inc. regarding the merchandising of technologies for purifying water dated September, 1998. 13 pages.

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How to fill out New Jersey License Agreement Regarding The Merchandising Of Technologies For Purifying Water?

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26 et seq. (PWT) require? 1: The ct requires that, when property with certain types of drinking water wells is sold or leased, the well water must be tested for contaminants. The results of the water testing must be reviewed by both the buyer and seller, or in the case of a leased property, by the lessee.

How to Negotiate a Licensing Agreement Like a ProDo your homework.Start with a term sheet.Manage your expectations.Be patient.Have a win-win attitude.Don't lose your sense of humor.Remember to hold something back.Put yourself in their shoes.More items...?

At a minimum, check your well every spring to make sure there are no mechanical problems; test it once each year for total coliform bacteria, nitrates, total dissolved solids, and pH levels. If you suspect other contaminants, you should test for those as well.

N.J. well water is among nation's 'most corrosive,' report says.

The first rule for setting the royalty rate for a license to use intellectual property is the 25 percent rule. This rule provides that the royalty rate a user of another's intellectual property must pay to the owner of that intellectual property is 25% of the operating profit of that product.

The PWTA is a consumer information law that requires sellers (or buyers) of property with potable wells in New Jersey to test the untreated groundwater for a variety of water quality parameters, including up to 32 human health concern, and to review the test results prior to closing of title.

A laboratory certified by the New Jersey Department of Environmental Protection in drinking water methods must perform the tests, which are estimated to cost between $450 and $650.

As a general rule, any well-drafted license agreement should address the following topics:Scope of the grant.Term and renewal.Performance standards and quotas.Payments to the licensor.Quality control, assurance and protection.Insurance and indemnification.Accounting, reports and audits.More items...?

The contract stipulates the type of agreement, the length of the relationship, payments and royalties that are due and when, and the extent to which licensing is allowed. Licensing also allows both parties to retain control over certain facets of the deal, including exclusivity and how a product or service is marketed.

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New Jersey License Agreement regarding the merchandising of technologies for purifying water

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