The Oakland Michigan 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 will be granted a license to use and commercialize intellectual property arising from research activities conducted by The University of North Texas Health Science Center in Oakland, Michigan. This agreement is crucial in establishing a collaborative relationship between Gentling and The University of North Texas Health Science Center for the advancement of medical research and the development of innovative healthcare solutions. It allows Gentling to access and utilize the valuable intellectual property generated by the researchers at the Health Science Center for commercial purposes. The main objective of the Oakland Michigan Collateral License Agreement is to protect and promote the intellectual property rights of The University of North Texas Health Science Center, while also enabling Gentling to bring these innovations to the market. The agreement ensures that both parties are aware of their rights and responsibilities regarding the use, protection, and commercialization of the licensed intellectual property. Under this agreement, Gentling may have rights to develop, manufacture, market, and sell products or services based on the intellectual property mentioned in the agreement. The specific terms and conditions will be outlined in the agreement, including any financial obligations, royalties, or milestones that Gentling may need to fulfill to maintain the license. Different types of Oakland Michigan Collateral License Agreements between Gentling, Inc. and The University of North Texas Health Science Center may include exclusive licenses, non-exclusive licenses, or restricted licenses. Exclusive licenses give Gentling the sole rights to use and exploit the intellectual property, preventing other entities from doing so. Non-exclusive licenses allow multiple parties to access and utilize the intellectual property simultaneously, whereas restricted licenses may have limitations or conditions on usage. Overall, the Oakland Michigan Collateral License Agreement serves as a solid framework for collaboration between Gentling, Inc. and The University of North Texas Health Science Center, showcasing their dedication to advancing medical research and bringing valuable healthcare innovations to the market.