What does licensing a patent mean?

A patent license is an agreement that lets someone else commercially make, use, and sell your invention for a specified period. The owner of the invention (patent) is the 'licensor,' and the person who is receiving the license is the 'licensee. ' Licensing deals involve payment for the license.

US Legal Forms
Exclusive Patent Sublicense Agreement

Utah Exclusive Patent Sublicense Agreement

Name: Utah Exclusive Patent Sublicense Agreement
Brand: US Legal Forms
Rating: 4.57 (500 reviews)

Category:

Contracts - Patent

State:

Multi-State

Control #:

US-1002BG

Format:

Instant download

Description

A patent is a grant of a property right by the Government to an inventor. The United States Constitution gives Congress the right to provide for patent protection in legislation in order to encourage useful inventions. The patent itself provides a detailed description of the invention, and how it is used or how to make it. A patent enables the owner to exclude others from making, using or selling the invention for the life of the patent. A Utah Exclusive Patent Sublicense Agreement is a legally binding contract that grants or transfers the rights of a patent to a third party within the state of Utah. This agreement allows the sublicense to utilize, manufacture, sell, and distribute the patented invention exclusively within the state, while the original patent holder retains ownership and control over the broader aspects of the patent. Keywords: Utah, Exclusive Patent Sublicense Agreement, patent, sublicense, invention, rights, contract, ownership, manufacture, sell, distribute. There are different types of Utah Exclusive Patent Sublicense Agreements, including: 1. Exclusive Manufacturing Sublicense Agreement: This type of agreement grants the sublicense exclusive rights to manufacture and produce the patented invention within the state of Utah. 2. Exclusive Distribution Sublicense Agreement: Here, the sublicense is given exclusive rights to distribute, market, and sell the patented product solely within the state of Utah. 3. Exclusive Technology Transfer Sublicense Agreement: This agreement allows the sublicense to transfer the patented technology or know-how to other parties within the state of Utah while maintaining exclusivity. 4. Exclusive Research and Development Sublicense Agreement: With this type of agreement, the sublicense obtains exclusive rights to conduct further research and development on the patented invention specifically within the state of Utah. In each of these agreements, it is essential to clearly outline the terms and conditions regarding the exclusivity, duration, royalties, sublicensing rights, and any limitations imposed on the sublicense's activities relating to the patented invention. It is important for both parties involved to seek legal advice and ensure compliance with Utah state laws and patent regulations.

A Utah Exclusive Patent Sublicense Agreement is a legally binding contract that grants or transfers the rights of a patent to a third party within the state of Utah. This agreement allows the sublicense to utilize, manufacture, sell, and distribute the patented invention exclusively within the state, while the original patent holder retains ownership and control over the broader aspects of the patent. Keywords: Utah, Exclusive Patent Sublicense Agreement, patent, sublicense, invention, rights, contract, ownership, manufacture, sell, distribute. There are different types of Utah Exclusive Patent Sublicense Agreements, including: 1. Exclusive Manufacturing Sublicense Agreement: This type of agreement grants the sublicense exclusive rights to manufacture and produce the patented invention within the state of Utah. 2. Exclusive Distribution Sublicense Agreement: Here, the sublicense is given exclusive rights to distribute, market, and sell the patented product solely within the state of Utah. 3. Exclusive Technology Transfer Sublicense Agreement: This agreement allows the sublicense to transfer the patented technology or know-how to other parties within the state of Utah while maintaining exclusivity. 4. Exclusive Research and Development Sublicense Agreement: With this type of agreement, the sublicense obtains exclusive rights to conduct further research and development on the patented invention specifically within the state of Utah. In each of these agreements, it is essential to clearly outline the terms and conditions regarding the exclusivity, duration, royalties, sublicensing rights, and any limitations imposed on the sublicense's activities relating to the patented invention. It is important for both parties involved to seek legal advice and ensure compliance with Utah state laws and patent regulations.

View Connecticut Agreement for Purchase of Business Assets from a Corporation

View this form

View Delaware Agreement for Purchase of Business Assets from a Corporation

View this form

View District of Columbia Agreement for Purchase of Business Assets from a Corporation

View this form

View Florida Agreement for Purchase of Business Assets from a Corporation

View this form

View Georgia Agreement for Purchase of Business Assets from a Corporation

View this form

How to fill out Utah Exclusive Patent Sublicense Agreement?

Have you been in the placement where you need to have paperwork for possibly company or person reasons nearly every day time? There are a variety of authorized document web templates available on the Internet, but locating versions you can depend on is not effortless. US Legal Forms gives thousands of type web templates, like the Utah Exclusive Patent Sublicense Agreement, which are published to meet federal and state demands.

If you are previously familiar with US Legal Forms website and possess your account, just log in. After that, you can download the Utah Exclusive Patent Sublicense Agreement template.

Should you not offer an profile and need to start using US Legal Forms, adopt these measures:

Obtain the type you want and ensure it is for that proper area/county.
Utilize the Preview button to examine the shape.
Browse the information to ensure that you have chosen the right type.
In the event the type is not what you are searching for, make use of the Search industry to find the type that meets your requirements and demands.
If you get the proper type, click Buy now.
Choose the prices strategy you need, fill in the specified information to make your bank account, and buy an order with your PayPal or Visa or Mastercard.
Pick a hassle-free file structure and download your copy.

Discover all the document web templates you possess bought in the My Forms menu. You can obtain a more copy of Utah Exclusive Patent Sublicense Agreement at any time, if required. Just select the necessary type to download or produce the document template.

Use US Legal Forms, probably the most extensive collection of authorized types, to conserve some time and prevent blunders. The support gives expertly manufactured authorized document web templates that can be used for a range of reasons. Make your account on US Legal Forms and commence making your lifestyle a little easier.

Form Rating

4.57

Satisfied(500)

Form popularity

FAQ

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.

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.

How to Negotiate a Licensing Agreement Like a ProDo your homework.Start with a term sheet.Manage your expectations.Be patient.Have a win-win attitude.Don't lose your sense of humor.Remember to hold something back.Put yourself in their shoes.More items...?

Steps to File a Patent LicenseLocate Manufacturers. Identify potential licensees.Sign a Confidentiality Agreement. Ask potential licensees to sign a confidentiality agreement to protect rights to your intellectual property.Negotiate Patent License.Complete a Patent License Agreement.

A patent owner can license his invention for many reasons, such as, he may not have enough money to or manufacturing facilities, so he gives license to third party to make, sell and distribute his patented invention in return of 'royalty'.

A patent license is an agreement that lets someone else commercially make, use, and sell your invention for a specified period. The owner of the invention (patent) is the 'licensor,' and the person who is receiving the license is the 'licensee. ' Licensing deals involve payment for the license.

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.

The right to sublicense allows that licensee to give those rights to yet another party (sublicensee) that was not part of the original agreement. When express permission exists, there are normally no issues between the licensor and licensee, and the right to sublicense is relatively clear-cut.

In fact, it is generally held that a nonexclusive patent licensee cannot grant sublicenses unless it is expressly granted such right. However, exclusive licenses commonly include a right to sublicense, at least with the consent of the licensor.

More info

The trial commenced on March 17, 1997 at the University of Utah Health SciencesThe J&J License Agreement is a sublicense under certain patent rights ... Patent License Agreement: the unique business terms for a particular licenseThe annual maintenance fee is intended to partially cover UT's costs.3.4 Licensor may, in its sole discretion, grant exclusive licenses to the Licensed Patents outside the Field of Use. 3.5 Licensee acknowledges that no license ... Nevertheless, Denis asks for a complete, nonredacted copy of the sublicense. ?We also add language in the license agreement that the sublicensee will be ... How To Fill Out Exclusive Patent Sublicense Agreement? · Find out if the Form name you have found is state-specific and suits your requirements. · When the ... 14-Aug-2020 ? UTLP will be organized, and describe the terms of the standard patent sublicense agreement UTLP expects to offer potential licensees. Issuance of common stock in connection with license agreementwe or our licensors were the first to file patent applications for these inventions;. 21-May-2012 ? Almost all exclusive patent or technology license agreements containit is quite possible that the licensee would complete its Phase II ... By M Angrist · 2010 · Cited by 20 ? Exclusive licensing from the University of Utah changed the business model fromsubsidiary had entered into a nonexclusive sublicense agreement with the ... For example, a License Agreement states: "Licensor grants to Licensee a non-exclusive license under the Patents to make, have made?

Utah Exclusive Patent Sublicense Agreement

Description

Related forms

How to fill out Utah Exclusive Patent Sublicense Agreement?

Show more info

Form Rating

Form popularity

FAQ

What is an exclusive Licence agreement?

What are the 3 types of licensing agreements?

How do you negotiate licensing rights?

How do you lease a patent?

Can a patent be licensed?

What does licensing a patent mean?

What is the difference between exclusive and non-exclusive license?

What is the right to sublicense?

What is the difference between an exclusive and a nonexclusive licensing category?

Can you sublicense a patent?

More info

Trusted and secure by over 3 million people of the world’s leading companies