3. Duration and termination. The duration of the licence, the reasons why the parties may terminate the licence and the rights and obligations of the parties in the event of termination or expiry of the licence. In many cases, it will be important to require the licensee to immediately terminate the IP rights and, in the event of termination or expiry of the contract, remove all references to the IP address of all its materials in order to best protect the ip owner`s property. However, the nature and extent of the licensee`s obligations in this area may vary depending on the type of investigation, the nature of the industry in which the policyholder operates and the reason for termination (e.g. B termination due to expiry). Regardless of the type of license granted by the IP owner, it is essential that the IP owner enter into a written IP licensing agreement, carefully designed to meet the requirements of the laws applicable to the IP legislation in question and to adequately protect the rights of the IP owner. An IP licensing agreement can be long and complex, and its terms vary somewhat depending on the IP legislation that is granted and the agreement reached. However, IP licensing agreements generally contain all 10 key conditions: they should include a termination clause that provides that you can terminate the license agreement if the taker violates a significant term of the contract. They should also describe circumstances that would lead to a right of termination. Harvard offers certain materials (usually organic research materials) for commercial use on a non-exclusive basis. Some materials, such as Z.B. Souris, are generally offered on a flat-rate basis or with fixed annual payments; others, such as hybrid cell lines, also include licensed payments.
Typical agreements for both types of hardware licenses are listed below. Overall, licensing allows for greater flexibility. And the risk of an overvalued or undervalued IP is reduced. If the desired revenue strategy is a revenue stream, then licensing is often the most appropriate choice. These are royalties or used payments. The milestones offer the possibility (if neither party requests it) to review the agreement and the provisions and possibly amend them What happens if the intellectual protection law concerned has a different duration than the agreement? (z.B. licensed patent, and the patent expires before the end of the contract). To enter into a licensing agreement, you must at least: If a license is revokable, you can prevent the licensee from using the IP at any time during the term of the license and you can terminate the contract if necessary. However, if the license is irrevocable, you cannot refuse your permission to use the IP.