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Exclusive License Agreement

Posted on Dec 8, 2020 in Uncategorized

10.10 LICENSEE undertakes (i) to obtain all administrative approvals necessary for the manufacture and sale of licensed products and processes and (ii) to use appropriate patent marking for these licensed products. LICENSEE also undertakes to register or register this agreement, in accordance with the law or law in any country where the license is in force. (a) an exclusive commercial license under PATENT RIGHTS and 8.7 Without limitation of the universality of paragraph 8.6, HARVARD may set a period of sixty (60) days in its choice and by notification to LICENSEE to allow LICENSEE to decide whether a violation of which HARVARD is aware or is known should be prosecuted. If THE LICENCES have not initiated such an action until the end of such a period of sixty (60) days, HARVARD may prosecute such an infringement at its own expense, control these subsidies and withhold all forfeitures. With respect to such an infringement measure, pursued in good faith by HARVARD, LICENSEE pays Harvard all payments (whether called “royalties”) made by the alleged licensee to LICENSEE under an existing or future sub-licence for the approval of licensed products, up to the amount of the legal costs not reimbursed by HARVARD (including, but not limited to, appropriate legal fees). Companies that have a licensing agreement may be immune from lawsuits because the patent is held by a separate entity. This means that a contractor, customer, employee, angry business partner, competitor or other person cannot sue the company in the hope of winning patents. This makes a business much less attractive to a complainant. 8.1 With respect to patent rights that are granted exclusively to licensees under this agreement, LICENSEE has the right to immediately pursue any infringement of that patent of which HARVARD is aware or will be informed of any infringement of those patents.

Before LICENSEE initiates legal action regarding the infringement of such patents, LICENSEE will carefully consider HARVARD`s views and the potential impact on the public interest in deciding whether or not to file a complaint. 2.2 Harvard is licensed to issue licenses under PATENT RIGHTS. A non-exclusive license gives the purchaser the right to use intellectual property, but means that the licensee is free to use the same intellectual property and allow any number of other takers to benefit from the same intellectual property. In this scenario, it is not exclusively a “one and only” licence, but the licensee undertakes not to issue other licences with the same rights within the scope or scope of this agreement. The licensee may issue an unlimited number of licenses with different rights in the same field or licenses with the same rights in another field. The holder of an exclusive licence has the right to take legal action against anyone who violates the rights granted on the ground or within the scope of the agreement.