Certain fundamental guarantees and guarantees should be provided by each party of the other, such as for example. B the possibility of entering into this agreement, the validity of the intellectual property and a standard disclaimer of non-guarantees. These and others are listed below. 1.6 `Duration` means the duration of this Agreement beginning with the start date set out in point 4 of the Annex and expiring the expiry date set out in point 5 of the Annex. Assignment (close) A transfer of intellectual property (IP) rights. For example, the assignment of a patent is a transfer of sufficient rights, so the recipient has the right to obtain the patent. An assignment can be a transfer of all exclusivities on the patent, a transfer of an unditified part (e.g. B a 50 per cent stake) or a transfer of all rights to a given location (e.g. B a given territory of the United States). Everything else is considered a license transfer and not a patent transfer. Penalty for lack of diligence: the license converted into nonexclusive______Licensor can refer to Licensees______ confidentiality agreement (confidentiality agreement, confidential disclosure agreement) A good place to think about what to define is a definition of the parties. If it is a business, is it the business and all of its related businesses? All subsidiaries? Or just the parent company? Licensed products/processes should be specifically defined as licensed products or licensed processes. If only certain types of inventions are covered, define the inventions here and call them inventions; Indicate the patent number and/or patent filing number that will be licensed and indicate if the know-how is included.
This instrument is the whole of the agreement between parties______ for the duration of the agreement______; for term______ 12.1 This Agreement and the license granted to it begin from the original date and are granted for the duration, unless otherwise terminated by the Licensor in the case of one of the following conditions: Another important element of a License Agreement sets the timing of the operation. Many licensors insist on a strict market release date for products licensed to external manufacturers. Finally, it is not in the best interests of the licensor to grant a license to a company that never markets the product. The license agreement also contains provisions relating to the duration of the contract, renewal options and termination conditions. The territory granted to the licensee under the licence must be specifically identified. If the licensee has licensed seeds produced by the licensor and which include the transfer of material material (seeds) to the licensee, the licensee may wish to have the right to consult the donor`s data and research fields during the term of the license. The question of whether and at what cost the licensor`s personnel should or should not be assigned to the transmission of know-how or material to the licensee is also an important point of the contract. own funds: shares of the policyholder _____________________________stock existing company______; the new company______value of the shares are the market value _____ at the time of the agreement_______book value______ referred to in Annex _____; the shares must be rights______ with full voting rights; nonvoting______ Export rules are important for transactions where technology is exported from the United States….