Exclusive License Agreement dated August 3, 1999. 13 pages
Collin Texas Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The Collin Texas Exclusive License Agreement is a legally binding contract entered into by Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. (emerge), both parties being established entities in the innovation and technology sector. This agreement serves as a means to grant exclusive rights or license to emerge for the use, development, marketing, and commercialization of specific intellectual property (IP) developed by SURF. Under the terms of this agreement, emerge obtains the exclusive rights to exploit the IP for a predetermined duration within the Collin Texas region. This agreement ensures that no other entity can use, distribute, sell, or sublicense the IP within that specified geographical area, allowing to emerge to have a competitive advantage and control over the market using the licensed technology. The exclusive license agreement specifies the rights and limitations placed one Merge regarding the IP. It outlines the agreed-upon financial terms, including any upfront fees, ongoing royalty payments, and potential milestones that need to be achieved. These financial aspects are crucial in ensuring a fair and mutually beneficial partnership between SURF and emerge. In addition to the general Collin Texas Exclusive License Agreement, there may be different types of agreements within this category, tailored to specific sub-licenses or variations of the licensed IP. For example, there could be variations such as a Collin Texas Exclusive License Agreement with Non-Compete clause, which prohibits emerge from engaging in activities that directly compete with the licensed IP during the licensing period. Another potential type of agreement could be the Collin Texas Exclusive License Agreement with Performance Milestones, where emerge is obligated to meet certain predefined goals or milestones within specified timeframes in order to maintain the exclusivity rights. These milestones could include product development targets, market penetration thresholds, or revenue generation goals. By naming these different types of Collin Texas Exclusive License Agreements, it becomes evident that the nature and conditions of each agreement can vary depending on the specific needs and preferences of both SURF and emerge. This flexibility allows for greater customization and optimizes the partnership between the two entities, ultimately driving successful commercialization of valuable intellectual property and fostering innovation within the Collin Texas region.
Collin Texas Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The Collin Texas Exclusive License Agreement is a legally binding contract entered into by Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. (emerge), both parties being established entities in the innovation and technology sector. This agreement serves as a means to grant exclusive rights or license to emerge for the use, development, marketing, and commercialization of specific intellectual property (IP) developed by SURF. Under the terms of this agreement, emerge obtains the exclusive rights to exploit the IP for a predetermined duration within the Collin Texas region. This agreement ensures that no other entity can use, distribute, sell, or sublicense the IP within that specified geographical area, allowing to emerge to have a competitive advantage and control over the market using the licensed technology. The exclusive license agreement specifies the rights and limitations placed one Merge regarding the IP. It outlines the agreed-upon financial terms, including any upfront fees, ongoing royalty payments, and potential milestones that need to be achieved. These financial aspects are crucial in ensuring a fair and mutually beneficial partnership between SURF and emerge. In addition to the general Collin Texas Exclusive License Agreement, there may be different types of agreements within this category, tailored to specific sub-licenses or variations of the licensed IP. For example, there could be variations such as a Collin Texas Exclusive License Agreement with Non-Compete clause, which prohibits emerge from engaging in activities that directly compete with the licensed IP during the licensing period. Another potential type of agreement could be the Collin Texas Exclusive License Agreement with Performance Milestones, where emerge is obligated to meet certain predefined goals or milestones within specified timeframes in order to maintain the exclusivity rights. These milestones could include product development targets, market penetration thresholds, or revenue generation goals. By naming these different types of Collin Texas Exclusive License Agreements, it becomes evident that the nature and conditions of each agreement can vary depending on the specific needs and preferences of both SURF and emerge. This flexibility allows for greater customization and optimizes the partnership between the two entities, ultimately driving successful commercialization of valuable intellectual property and fostering innovation within the Collin Texas region.