Mecklenburg North Carolina Collateral License Agreement between GeneLink, Inc. and The University of North Texas Health Science Center

• Category: Corporations - Public - Licenses
• State: Multi-State
• County: Mecklenburg
• Control #: US-EG-9161
• Format: Word; Rich Text

Description

Collateral License Agreement between GeneLink, Inc. and The University of North Texas Health Science Center at Forth Worth dated July 1, 1996. 2 pages A Mecklenburg North Carolina Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a legal document that outlines the terms and conditions under which Gentling, Inc. is granted the right to use certain intellectual properties or technology developed by The University of North Texas Health Science Center. This agreement protects the interests of both parties involved and ensures fair compensation and proper utilization of the licensed technology. The Mecklenburg North Carolina Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center covers various aspects, including: 1. Licensing Terms: This section specifies the scope and limitations of the license and defines the intellectual property rights being licensed, such as patents, copyrights, trademarks, or trade secrets. It outlines the specific technologies, research, or inventions covered by the agreement. 2. Rights and Responsibilities: The agreement clearly outlines the rights and responsibilities of both parties. It establishes Gentling, Inc.'s rights to use, develop, market, and sell the licensed technology, while also stating the University's rights to review and approve proposed modifications, quality control measures, and any commercial use of the technology. 3. Royalty and Payment Terms: The agreement addresses the financial aspect of the collaboration, including payment terms, royalty rates, and accounting procedures. It sets forth the payment schedule and any applicable minimum royalties or milestones to be achieved. 4. Reporting and Record keeping: This section requires Gentling, Inc. to provide regular reports to the University regarding the progress of the licensed technology's development, sales, and related activities. It also specifies record keeping requirements for both parties, ensuring accurate documentation of all transactions and activities associated with the licensed technology. 5. Intellectual Property Protection: The Collateral License Agreement includes provisions to protect the intellectual property rights of both parties. It may govern confidentiality, patent filings, and technology transfer, ensuring that proprietary information remains secure and legally protected. Different types of Mecklenburg North Carolina Collateral License Agreements between Gentling, Inc. and The University of North Texas Health Science Center may exist, depending on the specific technology or IP being licensed. Some variations may include: 1. Exclusive License Agreement: Grants Gentling, Inc. exclusive rights to use and commercialize the licensed technology, excluding all other parties, including the University. 2. Non-Exclusive License Agreement: Allows Gentling, Inc. to utilize the licensed technology alongside other licensees that the University might have authorized. 3. Limited Term License Agreement: Specifies a predetermined period during which Gentling, Inc. can use the licensed technology, often subject to renewal upon meeting certain conditions. 4. Territory-Specific License Agreement: Limits the geographic area in which Gentling, Inc. can exploit the licensed technology. This type of agreement may assign exclusive or non-exclusive rights within a defined region. It is crucial for both Gentling, Inc. and The University of North Texas Health Science Center to review and negotiate these agreements carefully to ensure mutual understanding, fair compensation, and successful collaboration. Consulting legal professionals experienced in intellectual property and licensing is highly recommended ensuring compliance with relevant laws and protection of both parties' interests.

A Mecklenburg North Carolina Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center is a legal document that outlines the terms and conditions under which Gentling, Inc. is granted the right to use certain intellectual properties or technology developed by The University of North Texas Health Science Center. This agreement protects the interests of both parties involved and ensures fair compensation and proper utilization of the licensed technology. The Mecklenburg North Carolina Collateral License Agreement between Gentling, Inc. and The University of North Texas Health Science Center covers various aspects, including: 1. Licensing Terms: This section specifies the scope and limitations of the license and defines the intellectual property rights being licensed, such as patents, copyrights, trademarks, or trade secrets. It outlines the specific technologies, research, or inventions covered by the agreement. 2. Rights and Responsibilities: The agreement clearly outlines the rights and responsibilities of both parties. It establishes Gentling, Inc.'s rights to use, develop, market, and sell the licensed technology, while also stating the University's rights to review and approve proposed modifications, quality control measures, and any commercial use of the technology. 3. Royalty and Payment Terms: The agreement addresses the financial aspect of the collaboration, including payment terms, royalty rates, and accounting procedures. It sets forth the payment schedule and any applicable minimum royalties or milestones to be achieved. 4. Reporting and Record keeping: This section requires Gentling, Inc. to provide regular reports to the University regarding the progress of the licensed technology's development, sales, and related activities. It also specifies record keeping requirements for both parties, ensuring accurate documentation of all transactions and activities associated with the licensed technology. 5. Intellectual Property Protection: The Collateral License Agreement includes provisions to protect the intellectual property rights of both parties. It may govern confidentiality, patent filings, and technology transfer, ensuring that proprietary information remains secure and legally protected. Different types of Mecklenburg North Carolina Collateral License Agreements between Gentling, Inc. and The University of North Texas Health Science Center may exist, depending on the specific technology or IP being licensed. Some variations may include: 1. Exclusive License Agreement: Grants Gentling, Inc. exclusive rights to use and commercialize the licensed technology, excluding all other parties, including the University. 2. Non-Exclusive License Agreement: Allows Gentling, Inc. to utilize the licensed technology alongside other licensees that the University might have authorized. 3. Limited Term License Agreement: Specifies a predetermined period during which Gentling, Inc. can use the licensed technology, often subject to renewal upon meeting certain conditions. 4. Territory-Specific License Agreement: Limits the geographic area in which Gentling, Inc. can exploit the licensed technology. This type of agreement may assign exclusive or non-exclusive rights within a defined region. It is crucial for both Gentling, Inc. and The University of North Texas Health Science Center to review and negotiate these agreements carefully to ensure mutual understanding, fair compensation, and successful collaboration. Consulting legal professionals experienced in intellectual property and licensing is highly recommended ensuring compliance with relevant laws and protection of both parties' interests.