Exclusive Patent License Agreement （Tech Transfer）的核心条款

In an important development, Party B has entered into an exclusive patent license agreement with Party A. This agreement will pave the way for the commercialization of inventions, technologies, and intellectual property that have been developed through research conducted by Party A.

1. Exclusive License: Under the agreement, Party B has been granted the exclusive rights to make, have made, import, use, market, offer for sale, and sell the licensed products within the defined territory and field of use. This exclusivity could give Party B a significant edge in the marketplace depending on the potential and scope of the licensed technologies and intellectual property.

2. Sublicensing Rights: Additionally, Party B is allowed to sublicense its rights to other entities, subject to certain conditions and restrictions. This sublicensing clause can further expand the reach of the technologies and enhance their market penetration.

3. Reserved Rights for Party A: Despite the exclusivity of the license to Party B, Party A has maintained certain rights for research, internal, and educational purposes. They have reserved rights against enforcement of the licensed patents, allowing them to continue leveraging these innovations for academic and internal uses.

4. Federal Funding Requirements: The licenses granted under this agreement are subject to federal funding requirements and agreements. One significant stipulation is that licensed products used or sold in the United States must be manufactured substantially in the United States.

5. Fees and Royalties: The agreement details various financial obligations on the part of Party B. These include an upfront license fee, running royalties based on net sales, a minimum annual royalty, and sublicensing fees. These conditions serve to benefit Party A financially while maintaining the incentive for Party B to develop and commercialize the licensed products effectively.

6. Patent Costs: Under the terms of the agreement, Party B is responsible for past and future patent costs incurred in connection with the licensed patents.

Overall, the contract signifies a strategic partnership between two entities, seeking to leverage each other’s strengths. Party A’s research and development capabilities combined with Party B’s expertise in commercialization will likely accelerate the transition of innovative technologies from the lab to the marketplace, benefiting society at large.

Posted from SLPRO Z