A licensor may authorize a licensee to perform activities that otherwise fall within the scope of the patent, the sale, importation of a patented product, or the implementation of a patented procedure. [7] The term of a patent license can be a “fixed” (i.e. specified) term, for example. B 5 years, or may apply during the term of the patent (i.e. until the expiry of the patent). By its nature, a patent is limited in its geographical scope; it extends only to activities within the borders of the country granting the patent. As a result, a patent license does not require territorial determination. Under a typical end-user license agreement, the user can install the software on a limited number of computers. [Citation required] A bachelor`s degree is a degree that traditionally confers the license to teach at a university or to practice a particular profession. This term has survived despite the fact that today a PhD is typically required to teach at a university. The term is also used for a licensed person. [9] [10] In English, the degree has never been qualified as a bachelor`s degree. In France, the bachelor`s degree is the first degree awarded in universities.
A licence agreement is an agreement where by which a licensor grants another undertaking the right to intangible property for a certain period of time and receives in return a royalty from the licensee. Intangible property includes patents, inventions, formulas, processes, designs, copyrights and trademarks. [8] A licence agreement is a written agreement between two parties in which one owner of real estate allows another party to use that property under certain parameters. A license agreement or license agreement typically includes a licensor and a licensee. Another common element of licensing agreements includes the party that retains control of copyrights, patents, or trademarks. Many contracts also contain a provision relating to territorial rights or that manages distribution in different parts of the country or the world. In addition to the various clauses inserted in the donor protection agreements, some licensees may add their own requirements. They may, for example, insist on the guarantee that the licensor holds the rights to the immovable property or they may insert a clause prohibiting the licensor from competing directly with the licensed property in certain markets.
The consideration provided by the licensee in return for granting the patent license is called payment of patent fees. In the case of a “paid” license, the “lump sum” license fee is a certain amount of money, normally payable shortly after the effective date of the patent (e.g. B within 15 working days of the effective date), and no additional payment is required. Otherwise, the fee is a “current fee”, normally payable annually. The annual fee may be a specified amount (e.g. B one million dollars per year) or an amount proportional to the volume of licensed activities carried out by the licensee (e.g. B one dollar per unit of the licensed product sold by the licensee this year or one per cent of the net turnover of the licensed products sold by the licensee this year). License agreements limit the conditions under which one party may use another party`s property….