What Is An Agreement License

A non-compete clause. The licensee agrees not to allow anyone to compete with the licence in the area and period defined in the agreement. A licence simply means giving another person the right to use an asset that is owned for specific purposes and, as a general rule, a specific payment or series of payments called a “licence fee.” As a general rule, a party granted the right to sell or use a business asset you own, such as intellectual property, a product or methodology. Some examples are a license for the development and promotion of a patented product and for sale in a given region; A license to use its own product as part of a mix of products sold; A license to use a trade name or logo for the sale of a product in a given territorial scheme; license to publish a copyrighted, written, etc. work. In a typical licensing agreement, the licensee undertakes to make intellectual property rights such as technology, brand name or licensee know-how available to the licensee. In exchange for the intellectual property of the licensee, the purchaser usually plays the donor a pre-feeding and/or a licence fee. A licence fee is an ongoing fee paid for the licensee`s right to use intellectual property. Global Access Note – The development of Technologies from Harvard Patents can lead to licensed products that could bring significant public health benefits in developing countries. By participating in Universities Allied for Essential Medicines, Harvard is committed to promoting affordable access to these products in developing countries.

To meet this obligation, we may require provisions similar to those in the link below in the exclusive licenses of this potentially effective technology. To view type trust agreements, hardware transfer agreements or research cooperation agreements, please return to our standard agreements site. The license. The license itself is described, with details on the time limits (one year?), the scope (U.S., global?) of the license, and the assertion of exclusivity. Details of what the licensee can do with the license (use, sale, sublicensing, distribution and export, etc.). The licensing agreement allowed Starbucks to promote brand awareness outside of its North American operations through Nestlé`s distribution networks. For Nestlé, the company has accessed Starbucks products and a strong brand image. The value of the brand can be positive or. Check the rules of the state. Depending on the type of product sold and to whom it is sold, there may be restrictions for the licensee.