Philadelphia Pennsylvania Employment Agreement with Inventor - Grant of Exclusive License to Manufacture Products from Invention

• Category: Employment - Agreements
• State: Multi-State
• County: Philadelphia
• Control #: US-13361BG
• Format: Word; Rich Text

Description

This form is an employment agreement with an inventor who grants an exclusive license to his employer to manufacture products from the invention. Philadelphia Pennsylvania Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention is a legally binding document that defines the terms and conditions of an employment relationship between an inventor and an employer based in Philadelphia, Pennsylvania. This agreement grants the employer an exclusive license to manufacture products based on the inventor's invention. Keywords: Philadelphia Pennsylvania, employment agreement, inventor, grant, exclusive license, manufacture products, invention. Types of Philadelphia Pennsylvania Employment Agreements with Inventor — Grant of Exclusive License to Manufacture Products from Invention: 1. Exclusive License Agreement: This type of employment agreement grants the employer exclusivity in manufacturing and commercializing products based on the inventor's invention. The employer holds the sole rights to produce and distribute these products in the Philadelphia, Pennsylvania area. 2. Non-Exclusive License Agreement: In this type of agreement, the employer obtains a license to manufacture products from the invention, but the inventor is also free to grant licenses to other employers. The employer's license is not exclusive, allowing the inventor to enter into agreements with multiple manufacturers in Philadelphia, Pennsylvania. 3. Limited Term Agreement: A limited term agreement specifies a fixed duration during which the employer has the exclusive license to manufacture products from the invention. This type of agreement is beneficial when the employer wishes to assess the commercial viability of the invention over a specific period, after which the exclusivity may be renewed or terminated. 4. Royalty Agreement: This agreement stipulates that the employer will pay the inventor a royalty fee for each unit of product manufactured using the invention. The inventor retains ownership of the invention and grants the employer a non-exclusive or exclusive license to manufacture the products in Philadelphia, Pennsylvania. 5. Work-for-Hire Agreement: In this type of agreement, the inventor is considered an employee of the employer, and any intellectual property created during their employment is automatically owned by the employer. This includes inventions made within the scope of their employment, which the employer can then license exclusively to manufacture products. Irrespective of the specific type of agreement, it is crucial that a Philadelphia Pennsylvania Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention includes clear provisions regarding the scope of the license, payment terms, termination conditions, confidentiality obligations, and dispute resolution mechanisms. It is advisable to seek legal counsel to ensure compliance with local laws and to protect the rights of both parties involved.

Philadelphia Pennsylvania Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention is a legally binding document that defines the terms and conditions of an employment relationship between an inventor and an employer based in Philadelphia, Pennsylvania. This agreement grants the employer an exclusive license to manufacture products based on the inventor's invention. Keywords: Philadelphia Pennsylvania, employment agreement, inventor, grant, exclusive license, manufacture products, invention. Types of Philadelphia Pennsylvania Employment Agreements with Inventor — Grant of Exclusive License to Manufacture Products from Invention: 1. Exclusive License Agreement: This type of employment agreement grants the employer exclusivity in manufacturing and commercializing products based on the inventor's invention. The employer holds the sole rights to produce and distribute these products in the Philadelphia, Pennsylvania area. 2. Non-Exclusive License Agreement: In this type of agreement, the employer obtains a license to manufacture products from the invention, but the inventor is also free to grant licenses to other employers. The employer's license is not exclusive, allowing the inventor to enter into agreements with multiple manufacturers in Philadelphia, Pennsylvania. 3. Limited Term Agreement: A limited term agreement specifies a fixed duration during which the employer has the exclusive license to manufacture products from the invention. This type of agreement is beneficial when the employer wishes to assess the commercial viability of the invention over a specific period, after which the exclusivity may be renewed or terminated. 4. Royalty Agreement: This agreement stipulates that the employer will pay the inventor a royalty fee for each unit of product manufactured using the invention. The inventor retains ownership of the invention and grants the employer a non-exclusive or exclusive license to manufacture the products in Philadelphia, Pennsylvania. 5. Work-for-Hire Agreement: In this type of agreement, the inventor is considered an employee of the employer, and any intellectual property created during their employment is automatically owned by the employer. This includes inventions made within the scope of their employment, which the employer can then license exclusively to manufacture products. Irrespective of the specific type of agreement, it is crucial that a Philadelphia Pennsylvania Employment Agreement with Inventor — Grant of Exclusive License to Manufacture Products from Invention includes clear provisions regarding the scope of the license, payment terms, termination conditions, confidentiality obligations, and dispute resolution mechanisms. It is advisable to seek legal counsel to ensure compliance with local laws and to protect the rights of both parties involved.