Intellectual Property Licence Agreement Pdf

April 10, 2021

In Australia, there are various laws that can infringe intellectual property rights, such as the Copyright Act 1968 (Commonwealth), the Patents Act 1990 (Commonwealth); Trade Marks Act 1995 (Commonwealth); and the Designs Act 2003 (Commonwealth). A licensing agreement is a document used by the owner of a form of intellectual property – such as logo, photographer or song – to give another person permission to use that property. The agreement describes how the licensee (the owner of the property) will grant the licensee (the party that uses the donor`s property) the license to operate his property. If you have a patent on a useful technology, you have a copyright in a popular photo, you have protected a special image, or you own another invention or creative work with which you want to make money, you need a licensing agreement. This agreement allows you to set the terms of everything related to this specific IP address and protect your property rights, including how the licensee can use the IP, which owns the IP, which can sublicens IP, the license price for the IP and the length of time the licensee can use the IP. Harvard also offers options agreements for companies considering licensing Harvard technology. An option agreement allows a company to “keep” a technology for a short period of time during which the company can continue to assess its potential or find funds for product development without committing or harvard to comply with the obligations of a licensing agreement. Options are typically six months to a year and generally require both overcharging fees and a refund of patent tracking for the duration of the option. Finally, and most importantly, the parties can agree on how the taker will compensate the grantee in exchange for permission to use the property through the payment of royalties. Licensing fees can be calculated in different ways, including a single lump sum fee, a specific dollar amount, paid for each unit of an item containing the work conceded by the licensee, or a percentage of the total net sales of all items manufactured with the licensed factory sold by the taker.

The parties can also determine when the royalties are paid and the type of documentation the taker must provide to the donor to explain the calculation of royalties.

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