The Vermont 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 a specific technology or intellectual property developed by Iowa State University Research Foundation, Inc. This agreement ensures that emerge Interactive has the sole right to utilize, commercialize, and market the licensed technology within the state of Vermont. Keywords: Vermont, Exclusive License Agreement, Iowa State University Research Foundation, emerge Interactive, technology, intellectual property, commercialize, market This agreement serves as a significant milestone in the collaborative partnership between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. It allows for the transfer of critical knowledge and cutting-edge technology from the university to the corporate sector, fostering innovation and economic growth in Vermont. The precise terms and conditions of the Vermont Exclusive License Agreement may vary depending on the nature of the intellectual property being licensed. Some common types of such agreements include: 1. Technology License Agreement: This agreement grants emerge Interactive exclusive rights to use and commercialize a specific technology developed by Iowa State University Research Foundation, Inc. This may include software, hardware, or any innovative technological solution. 2. Patent License Agreement: In cases where Iowa State University Research Foundation, Inc. holds patents for a particular invention or innovation, this agreement permits emerge Interactive to exclusively exploit and monetize the invention in Vermont. It ensures that no other entity within the state can utilize or profit from the patented technology without emerge Interactive's consent. 3. Software License Agreement: When Iowa State University Research Foundation, Inc. has developed unique software programs or applications, this agreement provides emerge Interactive with the sole right to use, modify, distribute, and profit from the licensed software within the state of Vermont. 4. Trademark License Agreement: This agreement enables emerge Interactive to exclusively use specific trademarks associated with Iowa State University Research Foundation, Inc. This ensures that emerge Interactive can leverage the reputation and goodwill of these trademarks in their marketing and branding efforts targeted at the Vermont market. 5. Copyright License Agreement: In situations where Iowa State University Research Foundation, Inc. owns copyrights for specific creative works, such as educational materials or artistic creations, this agreement allows emerging Interactive to exclusively reproduce, distribute, display, and commercially exploit those works in Vermont. The Vermont Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is a crucial legal instrument that protects the rights and interests of both parties. It empowers emerge Interactive to capitalize on the innovative technologies and intellectual property developed by the university, stimulating economic development and technological advancement in Vermont.
Vermont Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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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.
An exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.
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.
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).
An Enterprise License Agreement (ELA) is an agreement between a vendor and a customer, which provides that customer with access to the vendor's services for a fixed, pre-defined period of time, often with the option to extend for another period.
CUSTOMER shall exclusively use and sell the Products at the XYZ; provided, however, that CUSTOMER shall be permitted, during the term hereof, and in its sole discretion, to purchase any or all oil and air filters from a foreign (non-domestic) supply source.