What Is Non-Exclusive License Agreement
(i) has used commercially the object granted in the country or country where the licence is licensed and reasonably maintains the subject to be licensed to the public, or 8.1 HARVARD does not guarantee the validity of the licensed patent rights and gives no assurance as to the extent of the patented rights or that these patents or biological materials may be used by LICENSEE or by any OTHER AFFILIATE. 2.2 Harvard is licensed to issue licenses under PATENT RIGHTS. A license can also take a balance between exclusive and non-exclusive. Such a license is sometimes referred to as “exclusive” and is a license in which the donor licenses more than one licensee, but accepts that it grants licenses only to a limited group of other takers. The group of licensees can be identified on the basis of name, description (a license is only granted to takers who meet certain criteria) or simply to the number (a limited number of licenses is granted by the donor). Non-exclusive licenses can also be beneficial to end-users of products developed around licensed intellectual property – through competition. Competing companies are naturally motivated by modifying and improving products and services to improve performance, as these products and services are considered superior and benefiting from a benefit. The licensee, which beats its competitors in the market, is one step ahead of other competitors. (c) Harvard may terminate this licence at any time after [the] number of years from the entry into force of this agreement if the progress reports provided by LICENSEE do not prove, according to HARVARD`s reasonable judgment, that LICENSEE: on the other hand, a non-exclusive license grants the licensee the right to exploit intellectual property rights, but on a non-exclusive basis. This means that the licensee can still exploit the same intellectual property rights and can allow other takers to benefit from the same intellectual property. The recipient of a non-exclusive licence may exercise the rights or rights in license, but non-exclusive licenses can provide you with a lucrative source of revenue. If you are an artist, you can use a non-exclusive license to give printers a reproduction license, either numbered or serialized, of your original work. If you are a musician, you can grant a non-exclusive license that allows you to use music for a commercial and a second non-exclusive license that allows another musician to sample a section of the same piece of music.
If you are a software company, you can license commercial or academic users for the use of a specific program. A much less worn form of licence is an exclusive license. This is generally considered an exclusive license, with the exception of the fact that the licensee reserves the right to use intellectual property himself. The licensee does not have the right to issue other sub-licences. Although this is the generally understood meaning, it would be preferable for the parties to intend to explicitly state in the agreement the extent of the rights of each licensor and the licensee. A non-exclusive license gives the purchaser the right to use intellectual property, but means that the licensee is free to use the same intellectual property and allow any number of other takers to benefit from the same intellectual property. An exclusive license means that no person or company other than the licensee can exploit the relevant intellectual property rights. It is important that the licensee is also excluded from the exploitation of intellectual property rights.
If the donor wishes to continue to engage in intellectual property activities (for example. B a university licensee may continue its research), or if the licensee has previously granted intellectual property rights, the exclusive license must expressly state that it is exclusively subject to these carve-outs.