Assignment Of License Agreement

Assignment Of License Agreement-55
4.1 The Licensee cannot use the Asset, for purposes other than as specified in this Agreement and in Item 8 of the Schedule.4.2 The Licensee may permit its employees to use the Asset for the purposes described in Item 8, provided that the Licensee takes all necessary steps and imposes the necessary conditions to ensure that all employees using the Asset do not commercialise or disclose the contents of it to any third person, or use it other than in accordance with the terms of this Agreement.Parties to an agreement generally expect the entity that signs a contract to be responsible for its performance.

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2.1 Licensor grants to the Licensee a non-exclusive, non-transferable License for the Term to use the Asset for the specific purpose specified in this Agreement, subject to the terms and conditions set out in this Agreement.

3.1 In consideration of the Licensor providing the License under clause 2 of this License Agreement, the Licensee agrees to pay Licensor the amount of the License Charge as specified in Item 9 of the Schedule.

The Assignee becomes the full owner of the assigned property. can help you license what you own, and obtain licenses for what you do not, as well as with buying/selling property.

If the assignment does not transfer the total interest, then it may be considered a license. We can work through the facts and questions with you and point out pitfalls, saving you time, money and headaches.

All forms of intellectual property can be licensed or assigned. Together we can craft an approach tailored to your situation and plans.

Please note that the content of this page should only be used as a general reference, and is not a substitute for legal advice.

IP owners can create a license agreement, which gives the licensee specified property rights in exchange for a fee or royalty.

Licensing property does not transfer title, but does grant the licensee certain rights, usually for a fee or royalty.

Commentary: This clause applies to all parties to the agreement.

It prohibits any assignment of the agreement without the prior written consent of the other parties, but indicates that such consent shall not be unreasonably withheld. Neither party may assign this Agreement without the prior written consent of the other party, except that either party may, without the consent of the other, assign the Agreement to a controlled subsidiary of that party or a purchaser of all or substantially all of that party’s assets used in connection with performing this Agreement, provided the assigning party guarantees the performance of and causes the assignee to assume in writing all obligations of the assignor under this Agreement.


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