pushfocusproductions@gmail.com 615-569-7906

Product License Agreements

15 Dec 2020 | Categories: Uncategorized | Posted by: pushfocusproductions

Partial agreements. In the licensing agreement, as with other types of contracts, there may be sub-agreements. For example, the licensee may require a confidentiality agreement to prevent the licensee from disclosing proprietary product features or processes to others. The taker may require the donor to sign a non-compete agreement to prevent the donor from breaking the agreement by allowing another person to sell the product in the exclusive territory of the taker. A licensing agreement is a legal contract between two parties, the licensee and the licensee. In a typical licensing agreement, the donor grants the purchaser the right to manufacture and sell products, apply a brand name or trademark, or use the licensee`s patented technology. In return, the taker generally submits to a number of conditions relating to the use of the licensee`s property and undertakes to publicize the payments in the form of royalties. Payment. Details of the payment to the licensee, including whether there is a basis or royalties, and the percentages.

How and when payments are made. How sales are verified. payments where there is a sub-licence. licensee`s right to conduct an annual review and regularly verify sales. Monitoring and quality assurance. To protect its product, the licensee needs specific testing and sales control. Tests may contain a first sample of the product to ensure quality is acceptable. The licensee may require regular quality verification of the product. In addition, the licensee has the right to monitor sales, to verify that the products are not too discounted and that the quality is maintained. Monitoring may also include a licensing agreement, which is a commercial contract between two parties.

The licensee (the licensee) owns the licensed assets and the buyer pays the right to use the license. The licensee pays royalties to the owner in exchange for the right to sell the product or use the technology. You can authorize the right to manufacture a product from a patent you own or to give someone the right to use one of your trade secrets, as a process developed by your company. End-user licensing agreements are usually lengthy and written in very specific legal language, making it more difficult for the average user to give informed consent. [3] When the company designs the end-user licensing agreement in such a way as to deliberately deter users from reading it and is difficult to understand, many users may not give their informed consent.

  • ABOUT PUSH FOCUS PRODUCTIONS
    Push FOCUS Productions is a video production company, based in Nashville, TN. We are skilled in video, motion graphics, and sound production, focusing on bringing your vision to life in an accelerated and affordable fashion.