Wyoming Limited Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
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Non-exclusive: A status in which the rights the agreement grants to the Licensee are available to others, reserving to the Licensor the right to give the same or similar rights to use the licensed materials to other parties. Non-transferable: See ?Non-assignable,? above.
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) Limited Use. Allows the Licensee to use the Material only in the ways specifically stated in the Agreement. Any use beyond that is considered against the law.
Licensor hereby grants to the Company, and the Company hereby accepts, subject to the terms and conditions of this Agreement, an exclusive, non-transferable license for the Term and in the Territory to Use the Licensed Intellectual Property solely within the Licensed Field and, where it relates to the development and ...
A limited intellectual property (IP) license transfers rights in IP from the owner of the IP (licensor) to another party (licensee) without assigning all rights to the IP which the licensor possesses.
What is IP licensing? IP licensing refers to agreements between IP owners and other parties that allow the latter to use the former's intangible assets for a price. This is often paid as a recurring cost and is typically referred to as a royalty.
A Limited Use License Agreement is a legal contract that grants the licensee (the individual or organization receiving the license) the exclusive right to use specific content, technology, or software in a limited capacity.
A limited intellectual property (IP) license transfers rights in IP from the owner of the IP (licensor) to another party (licensee) without assigning all rights to the IP which the licensor possesses.