A New York Know-How License and Technical Assistance Agreement refers to a legal contract that enables the transfer of technical and specialized know-how from a licensor (the party possessing the knowledge) to a licensee (the party seeking to acquire the knowledge) based in New York. This agreement typically includes a set of terms and conditions that outline the specific rights and obligations of both parties involved. The purpose of such an agreement is to grant the licensee access to valuable intellectual property, technical expertise, or specialized knowledge to enhance their operations, products, or services. By obtaining the New York know-how license and technical assistance, the licensee gains a competitive edge, accelerates innovation, and strengthens their capabilities. Keywords: 1. Know-how License: The know-how license granted under this agreement allows the licensee to access and utilize proprietary technical knowledge or trade secrets, which may include information related to manufacturing processes, formulae, engineering specifications, quality control, or operational strategies. 2. Technical Assistance: The technical assistance aspect involves the provision of expertise and guidance from the licensor to the licensee to ensure the effective use and implementation of the licensed know-how. This can include training, consulting services, troubleshooting support, or periodic supervision. 3. Intellectual Property: The agreement may also involve the transfer or licensing of related intellectual property rights such as patents, copyrights, or trademarks associated with the know-how being shared. This ensures the licensee's legal protection and the licensor's rights to the intellectual property. Types of New York Know-How License and Technical Assistance Agreements: 1. Exclusive Know-How License: In this agreement, the licensor grants exclusive rights to a specific licensee, meaning that no other party, including the licensor, can use or license the know-how to anyone else. 2. Non-exclusive Know-How License: Unlike the exclusive license, this agreement permits the licensor to grant licenses to multiple licensees, enabling wider dissemination and utilization of the know-how. 3. Sub-license Agreement: In some cases, the licensee may have the right to sub-license the know-how to a third party. This type of agreement allows the licensee to transfer their acquired rights to others, either partially or fully, subject to certain conditions specified in the contract. 4. Joint Venture Agreement: This type of agreement involves two or more parties collaborating to combine their respective know-how, resources, and expertise. The parties form a separate entity, typically a company, and share the risks, costs, and benefits associated with the know-how license and technical assistance. In summary, a New York Know-How License and Technical Assistance Agreement is a legal arrangement that facilitates the transfer of specialized knowledge and expertise from a licensor to a licensee. Through such agreements, licensees gain access to valuable proprietary information and technical support, allowing for innovation and improved competitiveness. The specific terms and types of these agreements can vary, with options for exclusivity, sub-licensing, or joint ventures depending on the desired outcome and business needs.
New York Know-How License and Technical Assistance Agreement
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What type of activities does a license agreement restrict? You do not have the right to copy, loan, borrow, rent, or in any way distribute programs or apps. Doing so, is a violation of copyright law; it is also a federal crime.
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.
A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.
The license of know-how is the information necessary or beneficial to the commercialization of the patented invention. A patent license combines matters of federal and state law, whereas a know-how license is subject only to state law since it is not subject to federal statutory protection.
Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.
Most licensing agreements will be valid only for a certain length of time....Scope of the AgreementExclusivity.Territory Rights.Guarantees of Sales.20-Jun-2017
The license of know-how is the information necessary or beneficial to the commercialization of the patented invention. A patent license combines matters of federal and state law, whereas a know-how license is subject only to state law since it is not subject to federal statutory protection.
Licensing agreements are found in many different industries. An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
Types of licensing agreement The unique feature of this type of agreement is that even the licensor is excluded to use or exploit the licensed property during the term of the agreement. Copyright, trademark and patent licenses are the best examples of an exclusive license agreement.