This document is a technology license between two companies entering into a joint venture. They agree to market and sell the product described in the license agreement.
Hennepin County, Minnesota, offers technology licenses to individuals, businesses, and organizations interested in utilizing or commercializing innovative technologies developed within the county. Through these licenses, the county aims to foster technology transfer, economic growth, and the development of a vibrant technology sector. Hennepin County technology licenses cover a wide range of industries, including but not limited to, healthcare, biotechnology, engineering, software development, and environmental sciences. These licenses provide the legal framework and permissions necessary for individuals and organizations to use, develop, improve, or commercialize technologies owned by Hennepin County. There are various types of technology licenses offered by Hennepin County, each tailored to meet specific needs and objectives. These license types include: 1. Non-exclusive license: This type of license grants the licensee the right to use the technology for a defined purpose while allowing Hennepin County to grant licenses to multiple parties simultaneously. 2. Exclusive license: Under an exclusive license, the licensee is granted sole rights to use, develop, or commercialize the technology within a specific field or industry. This restricts Hennepin County from granting licenses to other parties for the same purpose. 3. Limited license: A limited license provides the licensee with restricted rights to use or develop the technology. This type of license is often suitable if the licensee requires access to only specific aspects or applications of the technology. 4. Royalty-bearing license: In a royalty-bearing license, the licensee agrees to pay Hennepin County a predetermined royalty fee based on sales, revenue, or other agreed-upon metrics. 5. Evaluation license: An evaluation license allows the licensee to assess and test the technology before committing to a full license agreement. It provides a temporary, limited-time access to the technology for evaluation purposes. 6. Commercialization license: This type of license is designed for individuals or organizations interested in commercializing the technology, enabling them to market, sell, and profit from the technology in the marketplace. Hennepin County takes proactive measures to protect the intellectual property rights associated with the technologies it licenses. The license agreements usually include terms and conditions related to confidentiality, ownership, indemnification, and dispute resolution, ensuring a secure and fair partnership between the licensee and Hennepin County. Obtaining a Hennepin County technology license can open doors for various opportunities, collaborations, and advancements in the chosen field. It allows licensees to leverage innovative technologies developed within Hennepin County's dynamic ecosystem and contribute to its growth and prosperity.Hennepin County, Minnesota, offers technology licenses to individuals, businesses, and organizations interested in utilizing or commercializing innovative technologies developed within the county. Through these licenses, the county aims to foster technology transfer, economic growth, and the development of a vibrant technology sector. Hennepin County technology licenses cover a wide range of industries, including but not limited to, healthcare, biotechnology, engineering, software development, and environmental sciences. These licenses provide the legal framework and permissions necessary for individuals and organizations to use, develop, improve, or commercialize technologies owned by Hennepin County. There are various types of technology licenses offered by Hennepin County, each tailored to meet specific needs and objectives. These license types include: 1. Non-exclusive license: This type of license grants the licensee the right to use the technology for a defined purpose while allowing Hennepin County to grant licenses to multiple parties simultaneously. 2. Exclusive license: Under an exclusive license, the licensee is granted sole rights to use, develop, or commercialize the technology within a specific field or industry. This restricts Hennepin County from granting licenses to other parties for the same purpose. 3. Limited license: A limited license provides the licensee with restricted rights to use or develop the technology. This type of license is often suitable if the licensee requires access to only specific aspects or applications of the technology. 4. Royalty-bearing license: In a royalty-bearing license, the licensee agrees to pay Hennepin County a predetermined royalty fee based on sales, revenue, or other agreed-upon metrics. 5. Evaluation license: An evaluation license allows the licensee to assess and test the technology before committing to a full license agreement. It provides a temporary, limited-time access to the technology for evaluation purposes. 6. Commercialization license: This type of license is designed for individuals or organizations interested in commercializing the technology, enabling them to market, sell, and profit from the technology in the marketplace. Hennepin County takes proactive measures to protect the intellectual property rights associated with the technologies it licenses. The license agreements usually include terms and conditions related to confidentiality, ownership, indemnification, and dispute resolution, ensuring a secure and fair partnership between the licensee and Hennepin County. Obtaining a Hennepin County technology license can open doors for various opportunities, collaborations, and advancements in the chosen field. It allows licensees to leverage innovative technologies developed within Hennepin County's dynamic ecosystem and contribute to its growth and prosperity.
