What is a Licence Agreement Non-Exclusive Licence to Manufacture ?
A Licence Agreement Non-Exclusive to Manufacture is a legal document between two parties in which one party (licensee) allows the other party (licensor) to use their intellectual property or trade secrets. This type of licence generally grants a fixed period of time and can be terminated at any time by either party with reasonable notice.
Why use a Licence Agreement Non-Exclusive Licence to Manufacture ?
A non-exclusive licensing arrangement differs from an exclusive licence in that there are no restrictions on the number of licences that can be granted to third parties. An author or company may choose to contract with multiple parties in order to recoup the most royalties or fees for licensing their intellectual property.
A list of common sections found in Non-Exclusive License Agreements is provided below. These sections are linked to the sample agreement below for your review.
DEFINITIONS.
LICENSE CONSIDERATION GRANTED.
INVENTIVE PROPERTY.
CONFIDENTIALITY.
WARRANTIES AND REPRESENTATIONS
THE TERM AND THE TERMINATION
RELEASE\sMISCELLANEOUS.
Format: Microsoft Word (.doc) (.docx) and Google Docs
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