Non exclusive license agreement
Non exclusive license music
If a patent holder is refused an exclusive patent license agreement or does not want the pressures of exclusive patent licensing, such as minimum annual royalty arrangements, non-exclusive patent license agreements are approved. The word “non-exclusive” refers to the fact that non-exclusive patent license holders do not have exclusive access to a patent.
In reality, a licensor may grant a variety of non-exclusive licenses to various parties before granting an exclusive license to another. There will be no more non-exclusive licenses issued for the same patent until an exclusive license has been received. Once a patent has been issued an exclusive patent license agreement, non-exclusive patent license agreements are essentially worthless.
A non-exclusive patent license agreement can provide protection similar to that provided by exclusive agreements, but only if the agreement specifically specifies that such protection will be provided, which is highly unlikely.
Licensors have several non-exclusive licenses to ensure that the patent is fully used. If the holder of a license fails to carry out the patent’s development and delivery, the patent is rendered useless.
Sample non exclusive licensing agreement
A license that is limited to a particular area or issue, such as a sector, region, time period, or background, is covered by an exclusive license agreement. A technology program, a manufacturing process, a geographical region, or the development of a particular product could all be covered by the agreement.
A non-exclusive license gives the licensee the non-exclusive right to use the technology, while an exclusive license allows the licensee to participate in the growth of business opportunities. A license’s non-exclusivity is likely to deter a licensee from investing in business growth. The explanation for this is that once the initial licensee creates a demand for the product, the licensor may sell licenses to the licensee’s competitors.
Since these are large capital investments for a startup company, having an exclusive license to a patent is more desirable and beneficial than owning the patent. A startup’s office building is also a significant financial investment, but no startup typically owns it outright. Even if the building is free of debt, they will take out a mortgage on it to free up some cash.
Non-exclusive license agreement template
Your company should hire a Patent Attorney in Sydney or a Commercial Law Firm in Sydney to advise and support you with licensing your patents and inventions. These experts will draft and negotiate licensing agreements and contracts with companies who want to use your technology or commercialize your products.
A license agreement usually involves two parties: the licensor (the patent owner) and the licensee (the person who wants to use the patents). The license agreement gives the licensee approval or permission to behave as though they were the patent owners in a restricted sense.
You can license a patent on an exclusive basis, which ensures that no one else can use the technology that is patented. For example, where an exclusive license has been agreed to, the patent owner cannot use their own invention or sell additional licenses. Exclusive licenses are appealing to licensees who want to keep potential players out of a market.
Non-exclusive copyright license agreement
whereas the sui generis right protects databases without prejudice to existing rights over their contents, and whereas, in particular, where an author or the holder of a related right permits some of his works or subject matter to be included in a database pursuant to a non-exclusive agreement, a third party can make use of those works or subject matter