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2. No other understanding. This agreement defines the whole agreement and agreement between the parties on the purpose of this agreement and brings together all prior discussions between them. Some licensing agreements may have different payment terms for different uses of patents. For example, a university licensing agreement may include a percentage of gross sales that must be paid for products sold by the company, but a different percentage for revenues from underlicensed products. NET SALES also includes the fair value of all counterparties other than the means of payment that licensees or underlicensed receive for the sale, rental or transfer of PRODUITS PER LICENCE. one. The costs of preparing, filing, tracking and maintaining these patents and patent applications granted are the responsibility of the licensee, provided that these payments are left to the exclusive discretion of the licensee; and your agreement may require a licensing restriction section dealing with the field, territory, rights of the previous licensee and the commercial rights retained by the licensee. A lawyer can help them ensure that all of these restrictions are properly described in your licensing agreement. If the licensee does not exercise the rights to terminate this contract, the right of termination of the taker is not compromised in the event of the default of the licensee in the performance of an obligation imposed on him by this agreement. Based on the facts described above and the reciprocal benefits and obligations set out in this agreement, the parties agree on the following.

Exclusive patent licenses are known and respected in the industry. Exclusive licenses are regularly granted by universities and other technology transfer offices, as well as by patent holders and patent finance companies. These agreements are the way in which technologies can be brought to market without imposing burdens on a start-up, while giving the patent holder a stake in success. [1] Many licensing agreements are transferable to another company, for example. B to a management company. In some situations, transferable licenses can be as valuable – if not more so – than patent transfer. Your consent may require a « Reservation of Rights » section. This section is particularly important when the licensee is a non-profit organization and must ensure that certain intellectual property rights are reserved for academic, non-profit or humanitarian research in developing countries or in accordance with the provisions of the Bayh-Dole Act (in the United States). Forgetting to include the required reservation of rights in a licence could invalidate the licence and/or give rise to costly legal dispute to determine what rights are actually held by the licensee. (g) a licence in another area or area of use, in addition to the territory and/or FIELD, is subject to a separate agreement and requires the presentation of satisfactory supporting documents for Harvard University and LICENSEE`s willingness and ability to develop and market in that other area and/or area of use the types of products or processes likely to be covered in that other area and/or field.

A licensing agreement is only a contract. In the contract, each party can set out its terms for what it receives and what they give in return.

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