Alameda California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention

• Category: Contracts - Inventions
• State: Multi-State
• County: Alameda
• Control #: US-1036BG
• Format: Word; Rich Text

Description

An invention is a new composition, device, or process. Invention can also be defined to include creative endeavors that extend beyond original, substantial improvements. An invention is also a new, useful, and nonobvious improvement of a process, machine, or product. Any invention which is new, useful, and nonobvious improvement of process can be patented. Inventions that involve processes, machines, manufactures, and compositions of matter, and any improvement thereof, are patentable. A license is a contractual right that gives someone permission to do a certain activity or to use certain property owned by someone else. Licensing agreement is an agreement between two enterprises allowing one to sell the other's property such as products or services and to use their name, sales literature, trademarks, copyrights, etc. in a limited manner. Besides license agreement terms, federal laws provide stiff civil and criminal penalties for pirating and other unauthorized use of other's property. A patent is a grant of a property right by the Government to an inventor. The United States Constitution gives Congress the right to provide for patent protection in legislation in order to encourage useful inventions. The patent itself provides a detailed description of the invention, and how it is used or how to make it. • how many inventions it has evaluated; • how many of those inventions got positive or negative evaluations (legitimate companies will have a fairly low acceptance rate, usually under 5%); • its total number of customers; • how many of those customers received a net financial profit from the promoter's services (that is, the number of clients who made more money from their invention than they paid to the company); and • how many of those customers have licensed their inventions due to the promoter's services (if the success rate is too low, between 2 and 5%, the company's services may not be worth your out-of-pocket expenses). Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legal document that establishes a partnership between an inventor and a manufacturer. This agreement outlines the terms and conditions under which the manufacturer is granted the license to produce and distribute products based on the inventor's invention. The primary purpose of this agreement is to protect the rights and interests of both parties involved. The inventor, who owns the intellectual property rights to the invention, grants the manufacturer the exclusive or non-exclusive right to manufacture, sell, and distribute products based on the invention. In return, the manufacturer agrees to pay royalties or any other agreed-upon monetary compensation to the inventor. There may be different types of Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention, including: 1. Exclusive License Agreement: This type of agreement grants the manufacturer the sole right to manufacture and distribute the products. The inventor agrees not to grant licenses to any other manufacturers or to compete with the manufacturer in the production or distribution of the products. 2. Non-Exclusive License Agreement: In this agreement, the inventor grants the manufacturer the right to manufacture and distribute the products, but the inventor retains the right to grant licenses to other manufacturers or produce and distribute the products themselves. 3. Non-Transferable License Agreement: This agreement specifies that the license granted to the manufacturer is non-transferable and cannot be assigned or sublicensed to any third party without the explicit consent of the inventor. 4. Royalty-Based Agreement: This type of agreement stipulates that the manufacturer agrees to pay a royalty fee to the inventor for every unit of the product sold. The royalty amount is usually a percentage of the manufacturer's net sales or a fixed amount per unit sold. 5. Periodic Review Agreement: This agreement establishes that the performance and effectiveness of the license will be reviewed periodically by both parties. This allows either party to renegotiate or terminate the agreement if specific conditions or milestones are not met. It is crucial for both the inventor and the manufacturer to ensure clarity and comprehensiveness of the agreement to avoid any disputes or misunderstandings. Seeking legal advice is highly recommended drafting and finalize an Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention that meets the specific needs and goals of both parties involved.

Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legal document that establishes a partnership between an inventor and a manufacturer. This agreement outlines the terms and conditions under which the manufacturer is granted the license to produce and distribute products based on the inventor's invention. The primary purpose of this agreement is to protect the rights and interests of both parties involved. The inventor, who owns the intellectual property rights to the invention, grants the manufacturer the exclusive or non-exclusive right to manufacture, sell, and distribute products based on the invention. In return, the manufacturer agrees to pay royalties or any other agreed-upon monetary compensation to the inventor. There may be different types of Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention, including: 1. Exclusive License Agreement: This type of agreement grants the manufacturer the sole right to manufacture and distribute the products. The inventor agrees not to grant licenses to any other manufacturers or to compete with the manufacturer in the production or distribution of the products. 2. Non-Exclusive License Agreement: In this agreement, the inventor grants the manufacturer the right to manufacture and distribute the products, but the inventor retains the right to grant licenses to other manufacturers or produce and distribute the products themselves. 3. Non-Transferable License Agreement: This agreement specifies that the license granted to the manufacturer is non-transferable and cannot be assigned or sublicensed to any third party without the explicit consent of the inventor. 4. Royalty-Based Agreement: This type of agreement stipulates that the manufacturer agrees to pay a royalty fee to the inventor for every unit of the product sold. The royalty amount is usually a percentage of the manufacturer's net sales or a fixed amount per unit sold. 5. Periodic Review Agreement: This agreement establishes that the performance and effectiveness of the license will be reviewed periodically by both parties. This allows either party to renegotiate or terminate the agreement if specific conditions or milestones are not met. It is crucial for both the inventor and the manufacturer to ensure clarity and comprehensiveness of the agreement to avoid any disputes or misunderstandings. Seeking legal advice is highly recommended drafting and finalize an Alameda, California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention that meets the specific needs and goals of both parties involved.