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October 12, 2021

Under License Production Agreement

Filed under: Uncategorized — Mark Baker @ 10:08 pm

Restrictions. What the licensee cannot do with the license. The licensee may not be allowed to sell, sub-license or use it in certain types or types of products. When reading a contract, make sure you know where to use a product. Often, you can only use a product within a specific denomination, for example. B of a city or country. Failure to comply with this provision may result in a breach of the agreement and possible legal actions and/or withdrawal of the license. From the cam. Detailed description of the product, service or trade secret that is allowed. This part may contain patent, copyright or trademark numbers.

This agreement is usually concluded without specific reference to a particular sector, whereas it is generally more favourable to a licensee. Sub-arrangements. As part of the license agreement, there may be sub-agreements, as with other types of contracts. For example, the licensor may require a confidentiality agreement to prevent the licensee from passing on proprietary product features or processes to others. The licensee may require the licensor to sign a non-compete clause in order to prevent the licensor from breaking the agreement by allowing someone else to sell the product in the licensee`s exclusive territory. It would also be important to ask if they have granted a license to other people and, if so, ask them to indicate the names, addresses, etc. and permission to contact. They should use a manufacturing license agreement when: licensed production is defined as a foreign production agreement, usually as a direct result of intergovernmental trade agreements allowing a foreign government or agency to acquire technical information in order to produce all or part of a patented equipment or component in the exporting country. [5] According to the World Intellectual Property Organization (WIPO), it must constitute a partnership between an intellectual property owner and a licensee who, under certain conditions, is authorized to use those rights. [2] The licensee manufactures a product for which production rights have been granted to it under certain conditions, while the licensor retains ownership of its intellectual property. [2] In certain cases, the licensor shall make available to the customer the necessary technical data, prototypes and/or machine tools. [2] Exclusivity and territory.

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