An IP license is generally subject to a fixed term and a possible extension. For this reason, you usually get more money in advance with an order. In addition, unless otherwise stated in the contract, an exclusive license cannot normally be disclosed to third parties without your permission, but if you cede that right to another person, you can license or sell it as you see fit. 2) Designs a synthetic form of formulation or part of the formula granted under this agreement (a wording “O”), a payment of the licence on the basis of the net sale of commercial products or services containing the formulation to be negotiated – and will be reduced to less than 5% compared to the contribution of the synthetic form , and royalties may be reduced to 0%. A licensing agreement is a legal document between two parties – the licensee or the person who owns the intellectual property (IP) and the licensee or person who obtains a license for the use of the IP address. The licensee may hold a copyright, trademark, patent, service mark, trade secret, know-how or other IP. 9. The licensee agrees that licensees and – must cooperate to collaborate in the implementation of research and development projects under this agreement, so that these efforts can be successful. In particular, the licensee assists and consults, on request, on all subjects reasonably related to formulation, including formulation components, formulation methods, manufacturing methods, plant identification, plant health properties, plant material procurement, safety information, efficacy and adverse effects of patients, including anecdotal information , as well as any information useful to the conduct of a clinical trial. If the assistance and advice provided by the licensee at the request of the licensee exceeds twenty-five (25) days, the licensee may receive an appropriate advice fee for this assistance and consultation.
The licensee is the guarantor of the safety and effectiveness of the formulation and other formulations, the exclusive licensing rights granted by the donor under this agreement, for the treatment of human patients under the conditions and diseases specified by the licensee. Understands that these presentations are not guarantees, but an assurance based on the technical knowledge and expertise that the donor has developed using these formulations and other formulations in his own medical practice, and by discussing with other formulations and formulations to treat human disease or declared disease. In certain circumstances, a tacit IP licence is created without the existence of a formal licensing agreement, where the conduct of the parties indicates that the IP right holder wanted to license to the other party.