EXCLUSIVE-LICENSE-AGREEMENT.docx

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1、EXCLUSIVELICENSEAGREEMENTEffectiveasofdateInconsiderationofthemutualpromisesandcovenantssetforthbelow,thepartiesheretoagreeasfollows:ARTICLE IDEFINITIONSAsusedinthisAgreement,thefollowingtermsshallhavethefollowingmeanings:1.1 AFFILIATE:anycompany,corporation,orbusinessinwhichLICENSEEownsorcontrolsat

2、leastfiftypercent(50%)ofthevotingstockorotherownership.Unlessotherwisespecified,thetermLICENSEEincludesAFFILIATES.1.2 BIOLOGICALMATERIALS:thematerialssuppliedbyXYZ(identifiedinAppendixB)togetherwithanyprogeny,mutants,orderivativesthereofsuppliedbyXYZorcreatedbyLICENSEE.1.3 FIELD:field.1.4 XYZ:Presid

3、entandFellowsofXYZCollege,anonprofitMassachusettseducationalcorporationhavingofficesattheOfficeforTechnologyandTrademarkLicensing,HolyokeCenter,Suite727,1350MassachusettsAvenue,Cambridge,Massachusetts02138.1.5 1.ICENSEDPROCESSES:theprocessescoveredbyPATENTRIGHTSorprocessesutilizingBIOLOGICALMATERIAL

4、Sorsomeportionthereof.1.6 1.ICENSEDPRODUCTS:productscoveredbyPATENTRIGHTSorproductsmadeorservicesprovidedinaccordancewithorbymeansofLICENSEDPROCESSESorproductsmadeorservicesprovidedutilizingBIOLOGICALMATERIALSorincorporatingsomeportionofBIOLOGICALMATERIALS.1.7 1.ICENSEE:company,acorporationorganized

5、underthelawsofstatehavingitsprincipalofficesataddress.1.8 NETSALES:theamountbilled,invoiced,orreceived(whicheveroccursfirst)forsales,leases,orothertransfersofLICENSEDPRODUCTS,less:(a) customarytrade,quantityorcashdiscountsandnon-affiliatedbrokersoragentscommissionsactuallyallowedandtaken;(b) amounts

6、repaidorcreditedbyreasonofrejectionorreturn;(c) totheextentseparatelystatedonpurchaseorders,invoices,orotherdocumentsofsale,taxesleviedonand/orothergovernmentalchargesmadeastoproduction,sale,transportation,deliveryoruseandpaidbyoronbehalfofLICENSEEorsublicensees;and(d) reasonablechargesfordeliveryor

7、transportationprovidedbythirdparties,ifseparatelystated.NETSALESalsoincludesthefairmarketvalueofanynon-cashconsiderationreceivedbyLICENSEEorsublicenseesforthesale,lease,ortransferofLICENSEDPRODUCTS.1.9 NON-COMMERCIALRESEARCHPURPOSES:useofPATENTRIGHTSand/orBIOLOGICALMATERIALSforacademicresearchorothe

8、rnot-for-profitscholarlypurposeswhichareundertakenatanon-profitorgovernmentalinstitutionthatdoesnotusethePATENTRIGHTSand/orBIOLOGICALMATERIALSintheproductionormanufactureofproductsforsaleortheperformanceofservicesforafee.1.10 NON-ROYALTYSUBLICENSEINCOME:Sublicenseissuefees,sublicensemaintenancefees,

9、sublicensemilestonepayments,andsimilarnon-royaltypaymentsmadebysublicenseestoLICENSEEonaccountofsublicensespursuanttothisAgreement.1.11 PATENTRIGHTS:UnitedStatespatentapplicationserialnumberfiledfilingdate,theinventionsdescribedandclaimedtherein,andanydivisions,continuations,continuations-in-parttot

10、heextenttheclaimsaredirectedtosubjectmatterspecificallydescribedinUSSNserialnumberandaredominatedbytheclaimsoftheexistingPATENTRIGHTS,patentsissuingthereonorreissuesthereofandanyandallforeignpatentsandpatentapplicationscorrespondingthereto,alltotheextentownedorcontrolledbyXYZ.1.12 TERRITORY:territor

11、y.1.13 ThetermsPublicLaw96-517andPublicLaw98-620includeallamendmentstothosestatutes.1.14 Thetermssoldandsellinclude,withoutlimitation,leasesandothertransfersandsimilartransactions.ARTICLE IIREPRESENTATIONS2.1 XYZisownerbyassignmentfrominventor(s)ofhis/her/theirentireright,titleandinterestinUnitedSta

12、tesPatentApplicationserialnumberfiledfilingdateentitledinvention(XYZCasecasenumber),intheforeignpatentapplicationscorrespondingthereto,andintheinventionsdescribedandclaimedtherein.2.2 XYZhastheauthoritytoissuelicensesunderPATENTRIGHTS.2.3 XYZiscommittedtothepolicythatideasorcreativeworksproducedatXY

13、Zshouldbeusedforthegreatestpossiblepublicbenefit,andbelievesthateveryreasonableincentiveshouldbeprovidedforthepromptintroductionofsuchideasintopublicuse,allinamannerconsistentwiththepublicinterest.2.4 1.ICENSEEispreparedandintendstodiligentlydeveloptheinventionandtobringproductstomarketwhicharesubje

14、cttothisAgreement.2.5 1.ICENSEEisdesirousofobtaininganexclusivelicenseintheTERRITORYinordertopracticetheabove-referencedinventioncoveredbyPATENTRIGHTSintheUnitedStatesandincertainforeigncountries,andtomanufacture,useandsellinthecommercialmarkettheproductsmadeinaccordancetherewith,andXYZisdesirousofg

15、rantingsuchalicensetoLICENSEEinaccordancewiththetermsofthisAgreement.ARTICLE IIIGRANTOFRIGHTS3.1 XYZherebygrantstoLICENSEEandLICENSEEaccepts,subjecttothetermsandconditionshereofintheTERRITORYandintheFIELD:TOVIEWTHEREMAININGPAGESOFTHEDOCUMENT,PURCHASEFROMTHEDOWNLOADPAGE($60)INSERTINDUSTRYDATA&MARKETINTnELLlGENCEINTHETEMPLATESGetSmartOnAnIndustry.CutResearchTime.CLICKHEREFORDETAILS