What is grant back provision?

Provision in a license agreement or assignment typically of patents, but sometimes of other IP rights), which can either: (a) requires a licensee to assign or license any improvements it develops back to the licensor, usually with rights to sublicense.

What does back license mean?

A provision in a contract, assignment or license agreement that requires the recipient of intellectual property rights (e.g., the licensee) to license back to the grantor or licensor certain rights to practice the intellectual property or improvements to the intellectual property.

What is grant clause?

One of the most important clauses in a license agreement is the “grant clause”. The grant clause defines the scope of the legal rights that the patent holder (or “Licensor”) gives to the user (“Licensee”). This means that nobody except the Licensee will have the right to make, use or sell the technology.

What is an exclusive grant?

Second, “exclusive” grant back provisions provide the licensor an exclusive right to use or sublicense any patented improvements, while the licensee retains only a non-exclusive right to practice the patented improvements.

What is cross licensing agreement explain?

Cross Licensing refers to the cross-license agreement between patentees, entered into for purposes of avoiding litigation concerning conflicting patents. It helps preserve the financial incentives for inventors to commercialize their existing innovations and undertake new, potentially patentable research.

What does FKPQ mean on driving licence?

This is UK driving rules. On a driving licence, fkq stands for the following categories: f: Agricultural tractor. k: Mowing machine or pedestrian-controlled vehicle.

What is licensee and licensor?

A licensing agreement is a contract between a licensor and licensee in which the licensee gains access to the licensor’s intellectual property. The party providing the intellectual property is called the licensor while the party receiving the intellectual property is called the licensee.

What does royalty bearing license mean?

Thus, in a. royalty-bearing agreement you are speculating on the business just as the licensee is, while in a paid-up arrangement the licensor is not speculating and has already been paid. for the license.

What does a block grant do?

Block grants provide state and local governments funding to assist them in addressing broad purposes, such as community development, social services, public health, or law enforcement, and generally provide them more control over the use of the funds than categorical grants.

What is cross-licensing or grant back?

Which agreement is also known as cross-licensing?

Cross-Licensing Agreements and Patent Pools A Patent Pool is an agreement between two or more patent owners to pool their patents and licenses amongst themselves or to a third party on pre-determined licensing terms. They work as a mechanism for collectively acquiring patent rights.