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Non-Exclusive License Agreement for Exploitation of a Secret Process

State:
Multi-State
Control #:
US-01161BG
Format:
Word; 
Rich Text
Instant download

Description Non Exclusive Agreement Sample

A license is a mere permission to make, use, or sell the patented or secret process. In effect, it is a waiver of the owner's right to sue for infringement. Accordingly, a licensee does not acquire legal title to the patent right or process. An exclusive license gives the licensee the right to use the patent or process free from any infringement suit, and the right to exclude all others. A nonexclusive license grants a privilege of protection from infringement claims by the owner of the patent or process.

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License Agreement Of Other Form Names

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Agreement Of Secret FAQ

A Non-Exclusive Licence grants to the licensee the right to use the intellectual property, but means that the licensor remains free to exploit the same intellectual property and to allow any number of other licensees to also exploit the same intellectual property.

Not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement.

The difference between exclusive and non-exclusive agreement refers to how vendors and partners work with each other. Exclusive agreements exclude competitors for a set period of time, while non-exclusive agreements allow for competitors, often as motivating tools.

Related Content. Also known as lock-out, shut-out or no-shop agreements. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client some protection from another party outbidding him.

A non-exclusive license grants the licensee the right to use the intellectual property, but the government remains free to grant any number of other licensees the same rights to make, use, or sell the technology.

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Non-Exclusive License Agreement for Exploitation of a Secret Process