Detroit Michigan Strategic Partnership Agreement Dealing with an Exclusive License Agreement - Exclusivity
Category:
State:
Multi-State
City:
Detroit
Control #:
US-02765BG
Format:
Word;
Rich Text
Instant download
Description
Exclusivity is a contract term in which one party grants another party sole rights with regard to a particular business function. An example of this type arrangement is a strategic partnership agreement.
This is an example of a license agreement where one party to a strategic alliance is granting the other party the right to manufacture and sell one of Licensor's products in a particular limited territory. Licensee has identified a market for a new product, contracted to have Licensor develop the product, and received the right to market the new product in the particular market identified. Licensor benefits by getting a per piece royalty on Licensee's sales.
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