What sort of terms and conditions are usually included in a license?
There are whole books written on the terms and conditions of licenses that indicate the following: What is being licensed (including whether improvement inventions are included); on what territory is it being licensed under; for how long is it being licensed for; whether the License is exclusive or not; whether there is any field of use restrictions, accounting provisions, termination provisions; the compensation payable for the License; and a host of other more routine issues. You can find more information on our free-of-charge “Guidelines to Licensing & Technology Transfer Agreements” booklet at www.lesarab.
There are whole books written on the terms and conditions of licenses that indicate the following: What is being licensed (including whether improvement inventions are included); on what territory is it being licensed under; for how long is it being licensed for; whether the License is exclusive or not; whether there is any field of use restrictions, accounting provisions, termination provisions; the compensation payable for the License; and a host of other more routine issues.
A. There are whole books written on this subject, but briefly it should indicate what is being licensed (including whether improvement inventions are included), in what territory, for how long, whether the license is exclusive or not, whether there are any field of use restrictions, accounting provisions, termination provisions, the compensation payable for the license and a host of other more routine issues that are often called ”Boilerplate Clauses”.
