Problems related to the natural running of the licence should also be taken into account. What will happen, for example, to the know-how (if any) at the expiry of all patents? What confidentiality obligations apply after expiry? Keep in mind, however, that these are broad definitions and that the provisions of the agreement should be as specific as possible with regard to the delimitation of rights to both the licensee and the licensee. Notice of proposed third-party products – In the case of an exclusive license granted in all or in many areas, the licensee may first focus on a limited number of products or uses for the technology granted. In order to support Harvard`s mission to promote the common good by commercializing Harvard`s technology as widely as possible, Harvard may include provisions similar to those in the link below, to encourage a taker to develop third-party products or to sublicate the Harvard patent licensee`s rights to a third party to enable the development and commercialization of additional products. If you still need to patent your intellectual property and have a good understanding of how you can apply for a provisional patent or submit your utility model or model, you can work with an online service provider to get you ready to launch future patent licensing agreements. Some use of the background information contained in a contract is recommended, because within a short period of time after the conclusion of the agreement and the signed agreement, the negotiators` briefs may be erased and a brief series of statements on the context of the agreement can become invaluable if the contract is to be interpreted by a court or arbitrator. Licensing thus allows for greater flexibility and reduces the risk of overvaluation or undervaluation of IP value. If the desired revenue strategy is a revenue stream, i.e. royalties or contingency payments, licensing is often the most appropriate choice. To view type trust agreements, hardware transfer agreements or research cooperation agreements, please return to our standard agreements site. A patent license can also define each party`s rights to improve patented technology. Depending on the negotiation, the improvements may be exclusively owned by the licensee, the licensee or the common owner of both parties.
The party with more bargaining power often insists on controlling the rights to improvement. Licensing offers the owner several advantages, unlike the complete transfer or allocation of the IP. By retaining the property, the seller (contestant) reserves the property and usually has an easier time to cancel the transfer of rights if the buyer (the taker) is not up to the end of his good deal. In many cases, the party that wants to acquire the intellectual property rights does not have sufficient financial resources to pay the full value in advance – or may feel the IP as highly speculative, but be willing to pay more if the technology can be successfully marketed. As a result, a well-developed licensing agreement not only makes it easier for the licensee to terminate the contract if future payments are not made, but also allows the parties to “participate in the bottom-up party.” Licensing agreements can also determine each party`s responsibilities in maintaining or executing patent rights. The counter-occupation phase of a licensing agreement may be relatively involved, especially when equity is part of the payment of the licence.