On Model Licensing Agreements for Digital Resources Abroad, Qiong, T. (2011). Information and Documentation Services, 32(5), 41-44. The document focuses on how the licensing model agreements have been used abroad by various digital resources. The digital resources led to the provision of the relevant information and documentation services required during the licensor`s agreement with the licensee. Obligation of non-competition. Licensor agrees not to allow anyone to compete with the License in the territory and period specified in the Agreement. The issue of compensation is particularly important. Depending on the ownership of the license agreement, different payment models can be useful. The use of songs is usually offset by royalties, for example.
That is, the copyright holder of a song is paid whenever the song is played on the radio, in a bar or even by another band at a live event. Other models can be a flat rate or even a rate per year/month/week. Christian, Glynna K. “Joint Ventures: Understanding Licensing Issues.” The License Journal. October 2005. Non-Disclosure Agreement. Both parties agree on the disclosure of trade secrets. Harvard also offers option agreements for companies considering licensing a Harvard technology. An option agreement allows a company to “retain” a technology for a short period of time, during which it can further assess its potential or raise funds for product development without binding or binding Harvard to the obligations of a licensing agreement. Options typically have a term of six months to one year and typically require both an initial fee and a refund of the patent application for the duration of the option.
Another important element of a licensing agreement sets the timing of the agreement. Many licensors insist on a strict marketing date for products licensed to external suppliers. After all, it is not in the best interest of the licensor for a company that never markets the product. The license agreement also includes provisions on the duration of the contract, renewal options, and termination terms. A license agreement allows a licensee to use the property of a licensor. These written agreements define a set of parameters for the use of the licensor`s property. This means that the licensed property may not be used for any purpose, even under a license agreement, except as described in the agreement. Licensing agreements are often used for the commercialization of technologies. Those entering into a licensing agreement should consult a lawyer as there are complexities that are difficult for those who do not have a thorough understanding of intellectual property law. .