New Mexico Employment Agreement with Inventor - Grant of Exclusive License to Manufacture Products from Invention

• Category: Employment - Agreements
• State: Multi-State
• Control #: US-13361BG
• Format: Word; Rich Text

Description

This form is an employment agreement with an inventor who grants an exclusive license to his employer to manufacture products from the invention. A New Mexico Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention is a legally binding document that outlines the terms and conditions of employment between an inventor and an employer, specifically pertaining to the grant of an exclusive license for manufacturing products derived from the inventor's invention. This agreement ensures that the inventor's rights are protected and that the employer has the necessary rights and permissions to manufacture and commercialize the invention. Keywords: New Mexico, employment agreement, inventor, grant of exclusive license, manufacture products, invention, terms and conditions, legally binding, employer, rights, permissions, protect, commercialize. There can be variations or specific types of this agreement, such as: 1. New Mexico Employment Agreement with Inventor — Exclusive License for Manufacturing and Distribution: This agreement grants the employer exclusive rights not only for manufacturing products from the invention but also for distributing them in specific territories or markets. 2. New Mexico Employment Agreement with Inventor — Exclusive License for Manufacturing and Sub-Licensing: In addition to granting the employer the exclusive right to manufacture products, this agreement allows the employer to sub-license the invention to other parties for manufacturing, thereby extending its market reach. 3. New Mexico Employment Agreement with Inventor — Non-Exclusive License for Manufacturing Products: Instead of granting an exclusive license, this agreement allows multiple parties, including the inventor, to manufacture products using the invention, albeit with certain restrictions and limitations. 4. New Mexico Employment Agreement with Inventor — Limited Term Exclusive License: This agreement grants the employer an exclusive license to manufacture products for a specified period, after which the rights may revert to the inventor or become non-exclusive. 5. New Mexico Employment Agreement with Inventor — Royalty-based Exclusive License: This agreement allows the employer to manufacture and sell products based on the invention but requires the payment of royalties to the inventor based on product sales or other agreed-upon terms. 6. New Mexico Employment Agreement with Inventor — Joint Venture Exclusive License: In certain cases, the employer and the inventor may form a joint venture, where both parties contribute resources and share profits from manufacturing and commercialization of the invention. It is important to consult with legal professionals when drafting or entering into any type of employment agreement or license with an inventor, as specific details and terms may vary based on the nature of the invention, employment relationship, and the parties involved.

A New Mexico Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention is a legally binding document that outlines the terms and conditions of employment between an inventor and an employer, specifically pertaining to the grant of an exclusive license for manufacturing products derived from the inventor's invention. This agreement ensures that the inventor's rights are protected and that the employer has the necessary rights and permissions to manufacture and commercialize the invention. Keywords: New Mexico, employment agreement, inventor, grant of exclusive license, manufacture products, invention, terms and conditions, legally binding, employer, rights, permissions, protect, commercialize. There can be variations or specific types of this agreement, such as: 1. New Mexico Employment Agreement with Inventor — Exclusive License for Manufacturing and Distribution: This agreement grants the employer exclusive rights not only for manufacturing products from the invention but also for distributing them in specific territories or markets. 2. New Mexico Employment Agreement with Inventor — Exclusive License for Manufacturing and Sub-Licensing: In addition to granting the employer the exclusive right to manufacture products, this agreement allows the employer to sub-license the invention to other parties for manufacturing, thereby extending its market reach. 3. New Mexico Employment Agreement with Inventor — Non-Exclusive License for Manufacturing Products: Instead of granting an exclusive license, this agreement allows multiple parties, including the inventor, to manufacture products using the invention, albeit with certain restrictions and limitations. 4. New Mexico Employment Agreement with Inventor — Limited Term Exclusive License: This agreement grants the employer an exclusive license to manufacture products for a specified period, after which the rights may revert to the inventor or become non-exclusive. 5. New Mexico Employment Agreement with Inventor — Royalty-based Exclusive License: This agreement allows the employer to manufacture and sell products based on the invention but requires the payment of royalties to the inventor based on product sales or other agreed-upon terms. 6. New Mexico Employment Agreement with Inventor — Joint Venture Exclusive License: In certain cases, the employer and the inventor may form a joint venture, where both parties contribute resources and share profits from manufacturing and commercialization of the invention. It is important to consult with legal professionals when drafting or entering into any type of employment agreement or license with an inventor, as specific details and terms may vary based on the nature of the invention, employment relationship, and the parties involved.