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NON-EXCLUSIVE LICENSE AGREEMENT Sample Clauses

NON-EXCLUSIVE LICENSE AGREEMENT Sample Clauses 2025

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The document is a License Agreement between the University of Mississippi (UM) and a corporation (Licensee) for the use of certain patented technologies. It outlines the terms under which UM grants an exclusive, non-transferable license to the Licensee to use and commercialize the Licensed Technology, including payment structures such as upfront fees, royalties on sales, and reimbursement of patent expenses. The agreement also details obligations regarding confidentiality, compliance with laws, patent prosecution responsibilities, and conditions for termination. Additionally, it includes provisions for indemnification and liability.

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Click ‘Get Form’ to open the NON-EXCLUSIVE LICENSE AGREEMENT in our editor.
Begin by entering the Effective Date at the top of the document. This is crucial as it marks the start of the agreement.
Fill in the details for both parties: University of Mississippi and Licensee, including their addresses and legal statuses.
In the Recitals section, specify the technology related to UM# and any relevant patent applications that are being licensed.
Proceed to Article 1, Definitions. Carefully define key terms such as 'Licensed Technology' and 'Products' to ensure clarity throughout the agreement.
In Article 2, Grant of License, outline the rights being granted to Licensee. Ensure you understand any limitations on sublicensing.
Complete Article 3 regarding Licensing Fees and Royalties. Specify payment amounts and timelines clearly to avoid future disputes.
Review Articles 4 through 10 for obligations, representations, liability clauses, and termination conditions. Make necessary adjustments based on your specific needs.

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What is an example of a non-exclusive license?

The parties agree that this Agreement is non-exclusive, and each party is free to, and may, enter into similar agreements with other parties. Nothing in this Agreement shall restrict either party from engaging in or providing similar services or products to third parties.

What is the difference between exclusive and non exclusive photography license?

Exclusive vs. Non-Exclusive: Exclusive licenses mean only the licensee can use the image in the agreed manner, while non-exclusive licenses allow the photographer to license the image to multiple clients.

What is a non-exclusive beat license?

Non-exclusive licenses allow multiple artists to access and promote your beat simultaneously. Its important to note that some artists prefer exclusive licenses or buyouts because theyre looking for a unique sound. Theyre willing to pay a premium to guarantee that other artists arent buying the same beat.

What is the non exclusion clause?

A license grant clause is a contractual provision that establishes one partys (a licensor) agreement to allow another party (a licensee) to use its intellectual property (IP) subject to certain conditions.

What does non-exclusive mean in legal terms?

Whats a non exclusive contract? Non exclusive contracts are contracts that dont include exclusivity provisions that stop one party from engaging with others. In fact, they may include an explicit non-exclusivity clause that makes it clear that competitive vendors or partners can be engaged.

What is an example of a non exclusivity clause?

Nothing contained in this Agreement alone shall constitute a commitment by Company to purchase Services. Such a commitment shall arise only from an SOW signed by the parties. This Agreement is nonexclusive, and Company may contract with other entities to perform services related to or within the terms of any SOW.

What is a non-exclusive license?

A non-exclusive license grants the licensee the right to use the intellectual property, but the government remains free to grant any number of other licensees the same rights to make, use, or sell the technology.

NON-EXCLUSIVE LICENSE AGREEMENT Sample Clauses 2025

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