Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer

• Category: Licenses - Inventions
• State: Multi-State
• County: Harris
• Control #: US-0558BG
• Format: Word; Rich Text

Description

This form is a grant of nonexclusive license to manufacture, use and sell an invention by employee to employer. A Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer is a legal agreement that allows an employee to grant their employer the right to manufacture, use, and sell an invention. This agreement comes into play in situations where an employee has developed an invention while working for a company, and the employer wants to obtain the rights to utilize and profit from the invention. In this type of agreement, the employee retains ownership of the invention but grants the employer a nonexclusive license to utilize the invention for business purposes. This means that the employee can also license the invention to other parties or use it for their own purposes. The Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer typically includes certain key clauses and terms. These may include: 1. Parties involved: Clearly identifying the employee and employer who are entering into the agreement. 2. Description of the invention: Providing a detailed description of the invention, including its purpose, design, functionality, and any relevant patents. 3. Grant of license: Stating that the employee grants the employer a nonexclusive license to manufacture, use, and sell the invention. 4. Limitations: Defining any limitations or restrictions on the scope of the license granted. 5. Compensation: Outlining the compensation or royalties the employee may receive for granting the license. 6. Term and termination: Specifying the duration of the license and the conditions under which it can be terminated. 7. Confidentiality and intellectual property rights: Addressing the protection of confidential information and the ownership of any improvements or modifications to the invention. 8. Indemnification: Determining the responsibilities of each party in case of any legal actions or liabilities arising from the use of the invention. 9. Governing law: Designating the applicable laws of Harris Texas that govern the agreement. 10. Counterparts and amendments: Allowing the agreement to be executed in multiple counterparts and detailing the process for making any amendments. It is important to note that the specific terms and conditions of a Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer may vary depending on the nature of the invention and the agreement reached between the parties involved.

A Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer is a legal agreement that allows an employee to grant their employer the right to manufacture, use, and sell an invention. This agreement comes into play in situations where an employee has developed an invention while working for a company, and the employer wants to obtain the rights to utilize and profit from the invention. In this type of agreement, the employee retains ownership of the invention but grants the employer a nonexclusive license to utilize the invention for business purposes. This means that the employee can also license the invention to other parties or use it for their own purposes. The Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer typically includes certain key clauses and terms. These may include: 1. Parties involved: Clearly identifying the employee and employer who are entering into the agreement. 2. Description of the invention: Providing a detailed description of the invention, including its purpose, design, functionality, and any relevant patents. 3. Grant of license: Stating that the employee grants the employer a nonexclusive license to manufacture, use, and sell the invention. 4. Limitations: Defining any limitations or restrictions on the scope of the license granted. 5. Compensation: Outlining the compensation or royalties the employee may receive for granting the license. 6. Term and termination: Specifying the duration of the license and the conditions under which it can be terminated. 7. Confidentiality and intellectual property rights: Addressing the protection of confidential information and the ownership of any improvements or modifications to the invention. 8. Indemnification: Determining the responsibilities of each party in case of any legal actions or liabilities arising from the use of the invention. 9. Governing law: Designating the applicable laws of Harris Texas that govern the agreement. 10. Counterparts and amendments: Allowing the agreement to be executed in multiple counterparts and detailing the process for making any amendments. It is important to note that the specific terms and conditions of a Harris Texas Grant of Nonexclusive License to Manufacture, Use and Sell an Invention by Employee to Employer may vary depending on the nature of the invention and the agreement reached between the parties involved.