San Antonio Texas Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention

• Category: Contracts - Inventions
• State: Multi-State
• City: San Antonio
• 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). San Antonio Texas Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legal agreement established between an inventor and a manufacturer in San Antonio, Texas. This agreement allows the manufacturer to obtain a license from the inventor to manufacture and produce products based on the inventor's invention. The main purpose of this agreement is to outline the terms and conditions under which the manufacturer can use the inventor's patented invention to produce goods. It sets forth the rights and obligations of both parties, ensuring fair and transparent collaboration. The key components covered in this agreement are: 1. Parties Involved: Clearly identifies the inventor and the manufacturer, including their legal names and contact information. 2. Patent Description: Provides a detailed description of the invention and the patent number involved. This section ensures that both parties are on the same page regarding the invention's scope and specifications. 3. Grant of License: Clearly states that the inventor grants the manufacturer a license to manufacture, reproduce, and sell products based on the patented invention. The license may be exclusive to the manufacturer or non-exclusive, depending on the agreement terms. 4. Manufacturing Responsibilities: Outlines the manufacturer's responsibilities, including the quality standards, production techniques, and any specific requirements defined by the inventor. This section ensures that the products maintain the desired quality and meet the inventor's specifications. 5. Royalty Payment and Terms: Specifies the royalty payment structure, including the percentage or flat rate the manufacturer should pay to the inventor for each sold product. It also defines the payment frequency, terms of calculation, and any additional compensation, such as milestone payments, if applicable. 6. Term and Termination: States the duration of the agreement, including the starting date and any provisions for renewal or termination. It may also include clauses regarding termination for breach or non-performance by either party. 7. Confidentiality and Intellectual Property: Addresses the confidentiality obligations of both parties to protect any trade secrets or valuable information shared during the manufacturing process. It also ensures the inventor's intellectual property rights are respected, and the manufacturer does not misappropriate or disclose any confidential information. 8. Dispute Resolution: Specifies the mechanisms for resolving disputes, such as negotiation, mediation, or arbitration, to prevent costly litigation. Different types of San Antonio Texas Agreements between Inventor and Manufacturer Granting License to Manufacture Products from Invention may include: 1. Exclusive License Agreement: Grants the manufacturer exclusive rights to manufacture and sell products based on the invention. The inventor will not license the invention to any other manufacturer for the agreed-upon term. 2. Non-Exclusive License Agreement: Permits the inventor to grant licenses to multiple manufacturers simultaneously. The inventor can enter into agreements with other manufacturers, allowing them to manufacture and sell products based on the invention. 3. Territory-Specific License Agreement: Limits the manufacturer's right to produce and sell products in a specific geographical area, such as San Antonio, Texas. This type of agreement ensures exclusivity within the defined territory while allowing the inventor to grant licenses to manufacturers in other regions. In conclusion, the San Antonio Texas Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a comprehensive legal document that protects the rights of both parties involved. It defines the terms and conditions for manufacturing the inventor's patented invention, ensuring a successful and mutually beneficial collaboration between the inventor and the manufacturer.

San Antonio Texas Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legal agreement established between an inventor and a manufacturer in San Antonio, Texas. This agreement allows the manufacturer to obtain a license from the inventor to manufacture and produce products based on the inventor's invention. The main purpose of this agreement is to outline the terms and conditions under which the manufacturer can use the inventor's patented invention to produce goods. It sets forth the rights and obligations of both parties, ensuring fair and transparent collaboration. The key components covered in this agreement are: 1. Parties Involved: Clearly identifies the inventor and the manufacturer, including their legal names and contact information. 2. Patent Description: Provides a detailed description of the invention and the patent number involved. This section ensures that both parties are on the same page regarding the invention's scope and specifications. 3. Grant of License: Clearly states that the inventor grants the manufacturer a license to manufacture, reproduce, and sell products based on the patented invention. The license may be exclusive to the manufacturer or non-exclusive, depending on the agreement terms. 4. Manufacturing Responsibilities: Outlines the manufacturer's responsibilities, including the quality standards, production techniques, and any specific requirements defined by the inventor. This section ensures that the products maintain the desired quality and meet the inventor's specifications. 5. Royalty Payment and Terms: Specifies the royalty payment structure, including the percentage or flat rate the manufacturer should pay to the inventor for each sold product. It also defines the payment frequency, terms of calculation, and any additional compensation, such as milestone payments, if applicable. 6. Term and Termination: States the duration of the agreement, including the starting date and any provisions for renewal or termination. It may also include clauses regarding termination for breach or non-performance by either party. 7. Confidentiality and Intellectual Property: Addresses the confidentiality obligations of both parties to protect any trade secrets or valuable information shared during the manufacturing process. It also ensures the inventor's intellectual property rights are respected, and the manufacturer does not misappropriate or disclose any confidential information. 8. Dispute Resolution: Specifies the mechanisms for resolving disputes, such as negotiation, mediation, or arbitration, to prevent costly litigation. Different types of San Antonio Texas Agreements between Inventor and Manufacturer Granting License to Manufacture Products from Invention may include: 1. Exclusive License Agreement: Grants the manufacturer exclusive rights to manufacture and sell products based on the invention. The inventor will not license the invention to any other manufacturer for the agreed-upon term. 2. Non-Exclusive License Agreement: Permits the inventor to grant licenses to multiple manufacturers simultaneously. The inventor can enter into agreements with other manufacturers, allowing them to manufacture and sell products based on the invention. 3. Territory-Specific License Agreement: Limits the manufacturer's right to produce and sell products in a specific geographical area, such as San Antonio, Texas. This type of agreement ensures exclusivity within the defined territory while allowing the inventor to grant licenses to manufacturers in other regions. In conclusion, the San Antonio Texas Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a comprehensive legal document that protects the rights of both parties involved. It defines the terms and conditions for manufacturing the inventor's patented invention, ensuring a successful and mutually beneficial collaboration between the inventor and the manufacturer.