A South Carolina 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 certain intellectual property developed by Iowa State University Research Foundation, Inc. within the state of South Carolina. The agreement outlines the terms, conditions, and obligations of both parties involved. Its purpose is to enable emerge Interactive to develop and market innovative products or services based on the intellectual property developed by the University Research Foundation. The agreement ensures that emerge Interactive has the sole right to exploit the intellectual property within the designated geographic area, excluding any competitors from doing so. Keywords: South Carolina, Exclusive License Agreement, Iowa State University Research Foundation, Inc., emerge Interactive, intellectual property, commercialize, contract, terms, conditions, obligations, geographic area. Different types of South Carolina Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may include: 1. Patent Exclusive License Agreement: This type of agreement specifically focuses on licensing exclusive rights to patented technology or inventions developed by Iowa State University Research Foundation, Inc. The agreement covers the commercialization of the patented technology within South Carolina bye Merge Interactive. 2. Trademark Exclusive License Agreement: This agreement exclusively licenses the use of specific trademarks owned by Iowa State University Research Foundation, Inc. It grants emerge Interactive the sole rights to use and commercialize these trademarks within the state of South Carolina, ensuring protection from infringement by other entities. 3. Copyright Exclusive License Agreement: In cases where Iowa State University Research Foundation, Inc. owns copyrights on certain works, such as software, databases, or publications, this type of agreement grants emerge Interactive the exclusive rights to reproduce, distribute, and market these works within South Carolina. Each type of agreement is tailored to the specific intellectual property owned by Iowa State University Research Foundation, Inc. and the nature of emerge Interactive's business operations.
South Carolina Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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FAQ
Exclusive and Non-Exclusive Licenses A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.
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).
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.
The main difference between an assignment and an exclusive license is that an assignment transfers ownership of the copyright to the assignee, whereas an exclusive license grants a limited property interest in the same but not the ownership.
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.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.