Wake North Carolina Cross License Agreement regarding obtaining license to certain technology and intellectual property rights

• Category: Corporations - Public - Licenses
• State: Multi-State
• County: Wake
• Control #: US-EG-9406
• Format: Word; Rich Text

Description

Cross-License Agreement between Efficient Networks, Inc. and Cabletron Systems, Inc. regarding obtaining license to certain technology and intellectual property rights that is licensable by the other party as of the chose of the merger transaction dated Title: Wake North Carolina Cross License Agreement — Acquiring Technology and Intellectual Property Rights License Introduction: The Wake North Carolina Cross License Agreement is a legal framework that facilitates the exchange and licensing of technology and intellectual property rights between entities operating within the Wake County region. It offers a comprehensive mechanism for businesses and individuals to obtain licenses for specific technologies and intellectual property. Types of Wake North Carolina Cross License Agreements: 1. Wake North Carolina Technology Cross License Agreement: This type of agreement allows businesses and individuals to license technologies that are developed or owned by other entities within Wake County, North Carolina. It promotes collaboration and enables access to innovative technologies within the local business ecosystem. 2. Wake North Carolina Intellectual Property Cross License Agreement: This agreement focuses on licensing intellectual property rights, including patents, trademarks, copyrights, trade secrets, and other intangible assets. It facilitates the legal transfer of these intangible assets between entities in Wake County, allowing for joint development, commercialization, and protection of valuable intellectual property. Key Elements within the Wake North Carolina Cross License Agreement: a) Scope of License: This section defines the specific technology or intellectual property rights being licensed. It outlines the rights granted, including usage, modification, reproduction, sublicensing, and any restrictions or limitations. b) Royalties and Financial Terms: The agreement addresses financial aspects, including compensation due to the licensor, such as royalties, upfront fees, and ongoing payments. It also specifies any revenue-sharing arrangements related to the commercialization of licensed technologies or intellectual property. c) Termination and Duration: This section outlines the conditions under which the cross-license agreement may be terminated, including breaches of contract or failure to meet specific obligations. The duration of the agreement is typically determined, ensuring the rights and responsibilities of both parties are protected. d) Confidentiality and Non-Disclosure: To safeguard proprietary information, this section ensures that both parties agree to maintain the confidentiality of any trade secrets, technical know-how, or other sensitive information exchanged during the licensing process. e) Dispute Resolution: In the event of a disagreement or dispute, this portion of the agreement establishes the procedures and mechanisms to be followed for amicable resolution, such as negotiation, mediation, or arbitration. Conclusion: The Wake North Carolina Cross License Agreement serves as a vital legal instrument for businesses and individuals seeking licenses for technology and intellectual property rights within Wake County. It fosters collaboration, spurs innovation, and provides a structured framework for licensing negotiations, protecting the interests of both licensors and licensees.

Title: Wake North Carolina Cross License Agreement — Acquiring Technology and Intellectual Property Rights License Introduction: The Wake North Carolina Cross License Agreement is a legal framework that facilitates the exchange and licensing of technology and intellectual property rights between entities operating within the Wake County region. It offers a comprehensive mechanism for businesses and individuals to obtain licenses for specific technologies and intellectual property. Types of Wake North Carolina Cross License Agreements: 1. Wake North Carolina Technology Cross License Agreement: This type of agreement allows businesses and individuals to license technologies that are developed or owned by other entities within Wake County, North Carolina. It promotes collaboration and enables access to innovative technologies within the local business ecosystem. 2. Wake North Carolina Intellectual Property Cross License Agreement: This agreement focuses on licensing intellectual property rights, including patents, trademarks, copyrights, trade secrets, and other intangible assets. It facilitates the legal transfer of these intangible assets between entities in Wake County, allowing for joint development, commercialization, and protection of valuable intellectual property. Key Elements within the Wake North Carolina Cross License Agreement: a) Scope of License: This section defines the specific technology or intellectual property rights being licensed. It outlines the rights granted, including usage, modification, reproduction, sublicensing, and any restrictions or limitations. b) Royalties and Financial Terms: The agreement addresses financial aspects, including compensation due to the licensor, such as royalties, upfront fees, and ongoing payments. It also specifies any revenue-sharing arrangements related to the commercialization of licensed technologies or intellectual property. c) Termination and Duration: This section outlines the conditions under which the cross-license agreement may be terminated, including breaches of contract or failure to meet specific obligations. The duration of the agreement is typically determined, ensuring the rights and responsibilities of both parties are protected. d) Confidentiality and Non-Disclosure: To safeguard proprietary information, this section ensures that both parties agree to maintain the confidentiality of any trade secrets, technical know-how, or other sensitive information exchanged during the licensing process. e) Dispute Resolution: In the event of a disagreement or dispute, this portion of the agreement establishes the procedures and mechanisms to be followed for amicable resolution, such as negotiation, mediation, or arbitration. Conclusion: The Wake North Carolina Cross License Agreement serves as a vital legal instrument for businesses and individuals seeking licenses for technology and intellectual property rights within Wake County. It fosters collaboration, spurs innovation, and provides a structured framework for licensing negotiations, protecting the interests of both licensors and licensees.