The Virginia Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is a legally binding contract that grants emerge Interactive exclusive rights to commercialize certain technologies or intellectual property developed by Iowa State University Research Foundation within the state of Virginia. This agreement ensures that emerge Interactive has the sole right to exploit and profit from the licensed innovation, excluding any other parties within the specified geographic region. This specific type of agreement allows emerging Interactive to have exclusive control and ownership of the licensed intellectual property for a defined period. The nature and scope of the agreement may vary depending on the specific technology or innovation being licensed. Some variants or types of Virginia Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may include: 1. Technology Exclusive License Agreement: This type of agreement grants emerge Interactive the exclusive rights to license and commercialize a specific technology developed by Iowa State University Research Foundation. It typically excludes any other companies or entities from using, selling, or sublicensing the technology within Virginia. 2. Patent Exclusive License Agreement: This agreement specifically pertains to patents owned by Iowa State University Research Foundation. It enables emerge Interactive to have the exclusive rights to utilize and enforce the patents in Virginia, preventing others from using or benefiting from the protected inventions. 3. Copyright Exclusive License Agreement: In cases where copyrighted works, such as software, multimedia content, or artistic creations, are being licensed, this agreement provides emerge Interactive with the exclusive right to reproduce, distribute, or display the copyrighted works within Virginia. 4. Trademark Exclusive License Agreement: This type of agreement, focused on trademarks owned by Iowa State University Research Foundation, permits emerge Interactive to exclusively use and exploit the trademarks for commercial purposes within the state of Virginia. This ensures that emerge Interactive has sole rights to brand the licensed technology or products using the designated trademarks. It is important to note that each Virginia Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is unique and tailored to the specific intellectual property being licensed. The terms, conditions, and restrictions of the agreement are negotiated between the parties involved to outline the rights and obligations of each party.
Virginia Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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