Before a property owner agrees to obtain a license to their technology, it is important to consider the specific terms and/or conditions of the agreement. A contract can and should vary depending on the type of business the owner is in. LICENSE GRANT A. The licensee (Patent Technology Inventor) grants the licensee (Intellectual Property Co.) a non-exclusive and non-refundable right and a license to use its technology in connection with the operation of the site. To view type trust agreements, hardware transfer agreements or research cooperation agreements, please return to our standard agreements site. The licensee (Patent Technology Inventor) and the licensee (Intellectual Property Co.) believe that it is in their mutual interest and in their willingness to enter into an agreement under which the licensee (Intellectual Property Co.) would use the licensee technology (Patent Technology Inventor) in connection with the site, in accordance with the terms below. Here are several elements that could be important in a technology licensing agreement: scope and subject matter – these are elements that should be explicitly defined in a technology licensing agreement. It is important to consider in detail certain restrictions such as the use of technology, geographic restrictions, extension, sublicensing and use of properties. E. The licensee (Patent Technology Inventor) ensures and guarantees that it has the right and authority to grant its licences and that there are no other agreements with another party in conflict with such a concession.
A technology licensing agreement is an agreement involving an owner (conedant) of a technological intellectual property who accepts compensation (counterparty) to allow someone else (licensed) to use, modify or resell the property.4 minutes read quality control and protection – depending on the needs and needs of the parties, it might be important for the licensee to remain under some form of ownership control. For example, the owner may retain control over the design of the packaging, promotional material or product labelling. Standards in this regard should be incorporated into the agreement. Technology licensing agreements are contracts or agreements involving a technology-based intellectual property holder, also known as a “licensee,” who accepts compensation when he authorizes an external party, the party granted, to resell the property, make modifications or simply use it. Below are some of the most frequently asked questions about technology licensing agreements. This question contains important elements that you need to consider, including when developing your technology licensing agreement.