ii. Copyright: To reproduce, distribute, display, alter
iii. Trademark: To be used in relation to distribution
The main headings included in licensing agreement described in Table 6.3.
Table 6.3: The headings in the licensing agreement
Definition of subject matter Plain english, short sentences and no abbreviations should be
The lifetime of legal Contractual period should be specified. It can be linked to
relationship, termination patent protection
The time for termination of license agreement should be defined
The forms of termination either forced termination by one party
or mutually agreed termination should be mentioned
Obligations to licensor Exact identification and communication of technology
The licensor should allow utilisation of technology as per
There will be an obligation of information
Rights of licensor The licensor have the following rights:
Have access to licensee's company books, commercial data
serving grounds for remuneration.
Check on if the licensee has made all necessary steps to prevent
confidential information to leak.
Liability details in case of accident or negligent disclosure.
Control quality of product to which the trademark is assigned.
Obligations of licensee Required to comply with standards and specifications
Prevent confidential information from disclosure
Proper use of the trademark in marketing and commercial
Make all efforts to achieve commercial success
Rights of licensee Exact identification and communication of the technology
information should be done from the licensor.
The utilisation of technology as per conditions specified full
right (as per conditions specified) on technology
Signature, date and place, etc.
It includes the following contents:
iv. Definitions and descriptions
xiii. Use of trademark, copyrights
xiv. Warranties and disclaimers
xv. Intellectual property rights protection, the conduct of prosecution
xvi. Export–import control marking
No comments:
Post a Comment