New Mexico Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The New Mexico Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is a legally binding contract that grants emerge Interactive the exclusive rights to commercialize and further develop certain intellectual property owned by Iowa State University. This agreement allows emerging Interactive to exploit the licensed technology exclusively in the state of New Mexico. Under the terms of the agreement, Iowa State University Research Foundation, Inc. agrees to grant emerge Interactive the exclusive license for the specified technology in New Mexico, thereby prohibiting any other party from utilizing or commercializing the intellectual property within the state. This exclusive license provides emerge Interactive with a competitive advantage, ensuring they have sole control over the technology's development, manufacturing, distribution, and marketing activities in New Mexico. The New Mexico Exclusive License Agreement covers a specific set of intellectual property rights and may vary depending on the technology being licensed. Some examples of different types of New Mexico Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. include: 1. Patent License Agreement: This type of agreement grants emerge Interactive exclusive rights to use, manufacture, and sell products or services covered under a specific patent owned by Iowa State University Research Foundation, Inc. 2. Software License Agreement: In this scenario, Iowa State University Research Foundation, Inc. grants emerge Interactive an exclusive license to use, modify, and distribute software developed by the university within the state of New Mexico. 3. Trademark License Agreement: This agreement permits emerge Interactive to use and protect specific trademarks owned by Iowa State University Research Foundation, Inc. exclusively in New Mexico, ensuring brand recognition and preventing others from using the same marks. 4. Copyright License Agreement: If emerge Interactive wishes to reproduce, distribute, or display copyrighted materials owned by Iowa State University Research Foundation, Inc. within New Mexico, a copyright license agreement will be required. 5. Trade Secret License Agreement: If there are trade secrets involved, this agreement safeguards the confidentiality and exclusivity of these proprietary technologies, allowing to emerge Interactive to access and utilize them solely within New Mexico. These are just a few examples of the various forms a New Mexico Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. can take. The specific terms, conditions, and scope of each agreement will be negotiated between the parties involved, ensuring that the intellectual property is wisely protected and effectively commercialized in New Mexico.
New Mexico Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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CUSTOMER shall exclusively use and sell the Products at the XYZ; provided, however, that CUSTOMER shall be permitted, during the term hereof, and in its sole discretion, to purchase any or all oil and air filters from a foreign (non-domestic) supply source.
An Enterprise License Agreement (ELA) is an agreement between a vendor and a customer, which provides that customer with access to the vendor's services for a fixed, pre-defined period of time, often with the option to extend for another period.
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.
An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.
An exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.
A licence is analogous to the renting of a flat whereby the tenant is granted permission to use the flat for an agreed period of time. A licence can be exclusive or non-exclusive. An exclusive licence is one where the licensed right is exercisable only by the licensee and no one else (including the licensor).