Franklin Ohio Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. The Franklin Ohio Exclusive License Agreement is a legal contract between Iowa State University Research Foundation, Inc. (SURF) and emerge Interactive, Inc. This agreement grants emerge Interactive, Inc. the exclusive rights to a specific technology or invention developed by SURF in the town of Franklin, Ohio. This agreement establishes a partnership between SURF and emerge Interactive, Inc. with the goal of commercializing and monetizing the technology or invention in question. By granting emerge Interactive, Inc. exclusive rights, SURF ensures that no other entity can commercialize or exploit the technology without their consent. The Franklin Ohio Exclusive License Agreement lays out the terms and conditions of the licensing arrangement. It typically includes important details such as the scope of the license, the duration of the exclusivity period, and the geographic territory in which emerge Interactive, Inc. has the exclusive rights to market and sell the technology. Furthermore, the agreement covers the financial aspects of the license. This includes the upfront license fees emerge Interactive, Inc. must pay to SURF, as well as any ongoing royalties or milestone payments based on the commercial success of the technology. These financial terms are negotiated and agreed upon between the two parties before entering into the license agreement. It is worth noting that there may be different types of Franklin Ohio Exclusive License Agreements between SURF and emerge Interactive, Inc., depending on the nature of the technology or invention being licensed. For example, there could be exclusive license agreements for software, pharmaceuticals, medical devices, or any other innovative products developed by SURF in Franklin, Ohio. Each specific type of exclusive license agreement will have its own set of provisions and considerations. Specific terms may vary based on factors such as the complexity of the technology, potential market demand, and competitive landscape. However, the overarching purpose of all Franklin Ohio Exclusive License Agreements remains the same: to protect and commercialize SURF's intellectual property while allowing to emerge Interactive, Inc. to utilize and profit from it exclusively within a defined territory.
Franklin Ohio Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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