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

• Category: Contracts - Inventions
• State: Multi-State
• County: Santa Clara
• 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). Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legally binding contract that outlines the terms and conditions under which an inventor grants a license to a manufacturer to produce and sell products based on the inventor's invention. This specific type of agreement serves as a framework for collaborative relationships between inventors and manufacturers in Santa Clara, California. It ensures that both parties are protected and that their rights are clearly defined. The agreement covers various aspects, including manufacturing rights, intellectual property, royalties, and responsibilities. The key elements of a Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention include: 1. Parties involved: The agreement identifies the inventor and the manufacturer, highlighting their legal names and addresses. 2. Description of the invention: The agreement provides a detailed description of the invention, its specifications, and any accompanying documentation. 3. Grant of license: The inventor grants the manufacturer an exclusive or non-exclusive license to manufacture, market, and sell the products based on the invention. The terms of this license, such as territory limitations, duration, and exclusivity, are specified. 4. Manufacturing rights and responsibilities: The agreement outlines the manufacturer's obligations and responsibilities in terms of manufacturing the products, ensuring quality control, obtaining necessary permits, and complying with applicable laws and regulations. 5. Intellectual property ownership: The agreement defines the ownership of the intellectual property associated with the invention. It may establish that the inventor retains full ownership or grants the manufacturer a limited license to use the intellectual property exclusively for manufacturing purposes. 6. Royalties and payment terms: The agreement addresses the payment structure, including royalties or licensing fees to be paid by the manufacturer to the inventor. The terms for calculating and disbursing payments and any milestones or performance targets may be outlined. 7. Confidentiality and non-disclosure: To protect the inventor's proprietary information, the agreement includes provisions for maintaining confidentiality and restricting the manufacturer from sharing or disclosing any confidential information related to the invention. 8. Dispute resolution: The agreement defines the procedures for resolving any disputes that may arise between the inventor and the manufacturer, including mediation, arbitration, or litigation. Different types or variations of Santa Clara California Agreements between Inventor and Manufacturer Granting License to Manufacture Products from Invention can include exclusive licenses, non-exclusive licenses, sole licenses, or even options to purchase the invention outright. Each type may have specific terms and conditions tailored to the needs and objectives of the parties involved. Overall, a Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention establishes a clear and fair collaboration between inventors and manufacturers to bring innovative products to the market, ensuring legal protection, licensing rights, and proper compensation for both parties involved.

Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legally binding contract that outlines the terms and conditions under which an inventor grants a license to a manufacturer to produce and sell products based on the inventor's invention. This specific type of agreement serves as a framework for collaborative relationships between inventors and manufacturers in Santa Clara, California. It ensures that both parties are protected and that their rights are clearly defined. The agreement covers various aspects, including manufacturing rights, intellectual property, royalties, and responsibilities. The key elements of a Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention include: 1. Parties involved: The agreement identifies the inventor and the manufacturer, highlighting their legal names and addresses. 2. Description of the invention: The agreement provides a detailed description of the invention, its specifications, and any accompanying documentation. 3. Grant of license: The inventor grants the manufacturer an exclusive or non-exclusive license to manufacture, market, and sell the products based on the invention. The terms of this license, such as territory limitations, duration, and exclusivity, are specified. 4. Manufacturing rights and responsibilities: The agreement outlines the manufacturer's obligations and responsibilities in terms of manufacturing the products, ensuring quality control, obtaining necessary permits, and complying with applicable laws and regulations. 5. Intellectual property ownership: The agreement defines the ownership of the intellectual property associated with the invention. It may establish that the inventor retains full ownership or grants the manufacturer a limited license to use the intellectual property exclusively for manufacturing purposes. 6. Royalties and payment terms: The agreement addresses the payment structure, including royalties or licensing fees to be paid by the manufacturer to the inventor. The terms for calculating and disbursing payments and any milestones or performance targets may be outlined. 7. Confidentiality and non-disclosure: To protect the inventor's proprietary information, the agreement includes provisions for maintaining confidentiality and restricting the manufacturer from sharing or disclosing any confidential information related to the invention. 8. Dispute resolution: The agreement defines the procedures for resolving any disputes that may arise between the inventor and the manufacturer, including mediation, arbitration, or litigation. Different types or variations of Santa Clara California Agreements between Inventor and Manufacturer Granting License to Manufacture Products from Invention can include exclusive licenses, non-exclusive licenses, sole licenses, or even options to purchase the invention outright. Each type may have specific terms and conditions tailored to the needs and objectives of the parties involved. Overall, a Santa Clara California Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention establishes a clear and fair collaboration between inventors and manufacturers to bring innovative products to the market, ensuring legal protection, licensing rights, and proper compensation for both parties involved.