Definition Of General Licensing Agreement

On licensing models for digital resources abroad, Qiong, T. (2011). Information and Documentation Services, 32 (5), 41-44. The paper focuses on how licensing agreement models have been used abroad by different digital resources. Digital resources have resulted in the provision of relevant information and documentation services between the licensee and the licensee during the licensing agreement. The term “licence” has two meanings: one in general terms (for example. B driver`s license) and the other in the economy and commerce. A licence in the broadest sense is “the authorization of an authority to own or use something.” This section provides for the duration of the agreement (usually the life of patents granted or for other technologies within a specified period) and for both parties to terminate the contract. As a general rule, the licensee can terminate the license by giving the university a certain notice period of notice, while the university may terminate the license due to infringement (for example.

B, non-payment of royalties, staggered payments or breaches of due diligence). In the event of termination, sub-licences generally stop, although sublicensings can generally obtain a direct license with the university on substantially the same terms. Christian, Glynna K. “Joint-Ventures: Understanding Licensing Issues.” The licensing newspaper. October 2005. Pay attention to definitions. Make sure the product or process is completely and clearly described so that there is no misunderstanding about what is allowed. Most licensing agreements also deal with the issue of quality.

For example, the licensee may enter into the contract conditions that require the purchaser to provide prototypes of the product, mockups of the packaging and even occasional samples for the duration of the contract. Of course, the best form of quality control is usually achieved before the fact – by carefully checking the reputation of the licensee. Another common quality provision in licensing agreements is the method of disposing of unsold products. If stock items are sold as cheap knockoffs, this can damage the licensee`s reputation in the market. A licensing agreement is an agreement by which a licensee grants another company the right to intangible ownership for a specified period of time and the donor receives a royalty from the taker in return. Intangible property includes patents, inventions, formulas, processes, drawings, copyrights and trademarks. [8] Exclusive and territory. The licensee is granted the exclusive right to manufacture and sell the product in a given territory.

The licensee agrees that others are not allowed to sell the product in this area. This part of the agreement is usually accompanied by a clause. Facilitate the commercialization of university innovations: The Carolina express license agreement, DeSimone, J.M., Mitchell, L. (2010). This article discusses ways to increase economic growth in the United States after the severe recession of the 1930s, by inventing ways to create more jobs and facilitate innovation in America. Some results have shown that new companies, which have performed well, have created new jobs. The author analyzes a number of practices derived from various researches from universities such as the University of North Carolina at Chapel Hill.