Non-Exclusive License Agreement to use Real Property, including Waiver, Assumption of Risk, and Indemnification Agreement

State:
Multi-State
Control #:
US-01741BG
Format:
Word; 
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Description

An easement is a right in the land of another. A license only gives one a personal privilege to do something on the land of another. Easements also differ from licenses in that they are "attached" to the land. This means that the easement will continue even if the property subject to the easement gets transferred to a different owner. A license is not an interest in land, but is a privilege to do something on the land of another person. Upon the sale of the property, subject to the license, the license terminates unless a new license is executed.


Courts vary in their approach to enforcing releases depending on the particular facts of each case, the effect of the release on other statutes and laws, and the view of the court of the benefits of releases as a matter of public policy. Many courts will invalidate documents signed on behalf of minors. Also, Courts do not permit persons to waive their responsibility when they have exercised gross negligence or misconduct that is intentional or criminal in nature. Such an agreement would be deemed to be against public policy because it would encourage dangerous and illegal behavior.

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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.

A contract violation is a somewhat regular occurrence in the business world, defined as a breach of any of the terms of a contract that were previously agreed upon by all parties.If one of the parties does not fulfill their duties as stated, this is considered a contract violation, or a breach of contract.

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.

Breach of Licensing Agreement If the material is used after the licensee has been notified of the contract cancellation, this constitutes infringement. Using the work in an unauthorized manner, such as adapting it into another language, is also considered infringement.

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.

An exclusive license grants the licensee singular permission to exploit the intellectual property in question.Non-exclusive licenses allow more latitude in the number of licenses granted while allowing the licensor to retain the rights to further develop and exploit its own intellectual property.

An exclusive license agreement covers a license that is limited to a specific field or subject, such as a market, territory, length of time, or context.The licensor can issue an unlimited number of licenses that have different rights within the same field, or licenses with the same rights in a different field.

The exclusivity gives the licensee the incentive to invest in developing the market potential of the technology.This is because the licensor could sell licenses to all of the company's competitors after the first licensee educates and cultivates the market for the product.

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Non-Exclusive License Agreement to use Real Property, including Waiver, Assumption of Risk, and Indemnification Agreement