Tarrant Texas Exclusive Field of Use License Agreement

Name: Tarrant Texas Exclusive Field of Use License Agreement
Brand: US Legal Forms
Rating: 4.69 (353 reviews)

Category:

Contracts - Field of Use

State:

Multi-State

County:

Tarrant

Control #:

US-0995BG

Format:

Instant download

Description

Field of use license is a license to rights in intellectual property which is limited to a defined use and provides the licensor greater control over the use of intellectual property. A field-of-use license does not have the right to all uses of the licensed technology. Such a licensee can avail only a subset of those uses. The scope of the license could be limited by a general field of use or a very specific field of use and the licensor has freedom to work with other companies on other uses. In general, any technology that has multiple, distinct uses like those in the fields of electrical engineering, computer, chemical, and health care areas may be appropriate for field of use licensing. The field of use can be limited in the actual license agreement by adding in the grand clause, a phrase that delineates the field.

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A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

A licensing agreement permits an intellectual property rights holder (AKA the licensor) to make profit from an invention, creation, or novel work by charging a user (AKA the licensee) for the product's use, distribution, or commercialization.

The Exclusive License Agreement When you license one of your songs through an exclusive agreement, this is what happens: You are the licensor. You give the licensee (e.g. a production music library) the right to offer your song to a third-party. The third-party can purchase the right to use your song.

A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

A copyright exclusive license is one in which ownership in one or more rights is transferred by the copyright owner. A copyright nonexclusive license occurs when the owner retains ownership of the copyright and/or may license the same right to others.

The phrase sole and exclusive license, for example, is common yet contradictory. Sole, on the one hand, means only one person has the legal right to use the product. Exclusive, however, actually means only one other person has that right.

Licensing Agreement Example For example, a movie studio might license copyrights for its characters from a popular movie to a toy manufacturer for making action figures that can be sold in the market.

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.

exclusive IP licence allows you to licence your IP to several parties, but continue to use your IP without limitations. This means you can continue to use your IP and generate further revenue.

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

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Tarrant Texas Exclusive Field of Use License Agreement

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