A non-compete clause. The licensee agrees not to allow anyone to compete with the licence in the area and period defined in the agreement. Licensing your company`s assets certainly has advantages, but be sure to take these factors into account when creating a licensing agreement: for each part of the intellectual property, revenue from the successful operation by Oxford University Innovation (whether lump sums or royalties, options, licenses, divestitures or other agreements) are explained in the following steps. Each licensing agreement is unique and these agreements vary by type (copyright, trademark, patent, etc.). In general, you`ll find these sections in most license agreements: Consider the others „that-if. If you are working with a lawyer to write the contract, it is a good idea to now consider circumstances that could be a problem later. What happens if the licensee goes bankrupt? What happens if the licensee goes bankrupt? What happens if one of the parties is unable to meet its obligations? Can the licensee transfer his property to another party? What are the penalties for infringement? If someone has a franchise, there may be a licensing agreement, and there may be several types of licenses within the franchise. For example, a McDonald`s franchise could include licenses for the use of the McDonald`s logo on products and packaging and another license for the manufacture of its patented processes or ingredients. 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.” Restrictions.
What the licensee can`t do with the license. Perhaps the taker cannot sell it at a certain price or sell it under license or use it in some way or certain types of products. Trademark licenses include the right to use the trademark in a number of objects and in a certain way. Start and end of the agreement. Say when the agreement will be reached and when it will end. Describe the possibility of a renegotiation and continuation of the agreement at the end of the agreement.