Example Of A Patent License Agreement

5. Possibility for the licensee to convert into a non-exclusive license. The exact language of the grant must be indicated. These include the intellectual property rights under which the licence is granted: only patent rights or know-how rights, or both; and exclusive rights that are or are not co-excluded with the licensor. The section should also indicate the duration of the exclusivity and/or non-exclusivity, as well as whether such a right is irrevocable; and whether there is a right to sub-license. A lawyer can help you determine what rights should be granted under your license agreement. A patent license agreement is a contract between the patent owner, the licensor, and another, the licensee that gives the licensee the right to use, develop, manufacture or sell the patented technology or process, rights otherwise reserved exclusively to the patent owner. A patent gives its owner exclusive rights to manufacture, use, offer and sell the patented technology or process. See 35 U.S.C§154. The licensor may grant either of these rights. A license is not a sale and the licensor remains the owner of the patent. Thus, patent licenses allow an inventor to commercialize his invention, commercialize it, produce it at a level higher than his individual capabilities and thus maximize the potential for remuneration of a new technology or process. The licensee undertakes to pay to the licensor, from [DATE] and after that date, during the continuation of this Agreement, royalties for apparatus containing and containing the above-mentioned inventions manufactured, sold and issued by the licensee; and those royalties shall be calculated as follows: a sum based on a rolling scale and which decreases in line with the increase in the licensee`s turnover in a financial year, according to the following timetable: [SPECIFY].

Unless terminated in advance, the term of this Agreement shall apply from and after the date of this Agreement until the expiry of the later that the patents or patents granted are to be granted under the patent rights granted in accordance with Article I. the sale, licensing, rental or sub-licensing of granted patents that have been approved by this Agreement and that have expired or have been invalidated by irrevocable judgment if there are no other granted patents, valid and unehpired, covering the use, sale, licensing, rental or sub-license by the licensees; provided, however, that such non-payment of royalties does not apply to royalties already paid to the licensor more than six (6) months before the discovery of the licensee`s expiry or irrevocable termination. b. All improvements developed by the licensor, whether patentable or not, with respect to licensed patent rights that the licensor may develop, hold or control now or in this context. With regard to exclusive licensees, another question to be considered by the licensor is whether it wishes to be able to exercise the intellectual property rights for which it envisages the grant of an exclusive licence, since the reservation of the right to exercise the intellectual property rights at issue vis-à-vis the licensor does not render the licence exclusive. Speaking to a lawyer about this decision can help you determine the appropriate modus operandi for your business. The licensee shall have the right to choose the option and privilege to choose the rate of royalties to be paid in accordance with the schedule provided for in Article 3 of this Agreement and, to that end, the licensee may pay royalties on the minimum basis and the quarterly report on the basis of the actual number of aircraft sold during the year for three quarterly periods of a financial year. and the fee for the whole year shall be calculated on the basis of that reduced fee and adjusted and paid accordingly. .

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