Business Assistant/Business Assistant.iso/legal/gde757_1/lharc1.exe/6400.BLD

Text File | 1993-01-06 | 4.9 KB | 186 lines

#6400
@001 Enter the name of the INVENTOR:
@002 Enter the name of the LICENSEE:
#6401/#6402 The license is:
Exclusive
Non- Exclusive
#if#6401
@100 Describe the area of the invention:
@101 Enter the patent numbers:
@102/@102/@102/@102 Enter the geographical area for the license:
Worldwide
The United States
The United States and Canada
KEY IN VALUE
#endif
#if#6402
@103 Describe the area of the invention:
@104 Enter the patent numbers:
@105/@105/@105/@105 Enter the geographical area for the license:
Worldwide
The United States
The United States and Canada
KEY IN VALUE
#endif
#6403 Will improvement to patents be licensed?
#6404/#6405 The license will be renewed:
From time to time
During life of patent, subject to minimum royalty
#if#6404
@106/@106/@106 Enter the initial term of the license in months:
6
12
KEY IN VALUE
@107 Enter number of renewal options:
@108/@108/@108 Enter number of days notice for non-renewal:
30
60
KEY IN VALUE
#endif
#if#6405
!109 Enter minimum royalty per year for renewal in numerals:
#endif
#6406
#6407
@111 Enter the number of months for non-disclosure:
#6408
#end control section
#6400
/* Para. 6400: Patent license  */

                        PATENT LICENSE

@001, referred to as the INVENTOR, and @002, referred to as the
LICENSEE, agree:


#6401
/* Para. 6401: Exclusive */

INVENTOR licenses LICENSEE to practice an invention related to
@100, bearing the following U.S. Patents: @101, exclusively in
the following territory:

@102


and all technology related to the process for @100.

#6402
/* Para. 6402: Non-exclusive license */


INVENTOR licenses LICENSEE to practice an invention related to
@103, bearing the following U.S. Patents: @104, in the following
territory:

@105


This license shall be on a non-exclusive basis.
#6403
/* Para. 6403: Improvements */

Any improvements made to the invention during the term of the
license shall be promptly disclosed to LICENSEE who may practice
the same without further payment.


#6404
/* Para. 6404: Renewal on a periodic basis */

The license shall be for an initial term of @106 months. The
license may be renewed for @107 period of @106 months, unless
either party notifies the other at least @108 months prior to the
anniversary date of their intention to non-renew.


#6405
/* Para. 6405: Life of patent- auto renewal on yearly quota */


The license shall be for the life of the patent, and any patents
constituting an improvement on the original. However, if in any
calendar year the royalties paid to INVENTOR shall be less than $
@109 (!109 dollars) the license may be canceled by the INVENTOR
within 60 days after the end of the end of the year.


#6406
/* Para. 6406: Infringement */

If either party becomes aware of a potential infringement of the
licensed patents, they shall immediately notify the other party
of the same.


The parties shall meet and then consider means for remedying the
potential infringement. If the parties cannot agree as to a
common strategy for the same, then the parties shall be free to
bring litigation in accordance with the applicable laws for a
resolution of the potential infringement.

#6407
/* Para. 6407: Trade secrets */

The parties may from time to time exchange confidential
information. All such information if written shall be marked
"Confidential" or "Trade Secret" or other clear indication of its
status. If such information is not in written form then the party
claiming that the same is a confidential, or a trade secret shall
send a written notice to the other party specifying which
information is claimed to be confidential.


The parties shall use reasonable efforts not to disclose the same
for a period of @111 months after the termination of this
agreement or:


when the information becomes known to the public without the
fault of the parties hereto;


when the information is released by the disclosing party,
whichever is earlier.


If any of the information disclosed was known to the other party
prior to the disclosure, then that party shall not be bound to
keep the same confidential.

#6408
/* Para. 6408: Invalidity */

In the event that the patents licensed hereunder are found to be
invalid in an order for which no further appeal is taken, or from
which no further appeal is possible, the license shall then
terminate. The INVENTOR warrants that the issuance of this patent
license does not conflict with any agreements to which INVENTOR
is a party.


INVENTOR and his legal or accounting representatives shall have
the right to inspect business records of LICENSEE to verify the
payment of royalties.


Dated: ____________________________________________________






_____________________________________________________________

@001





____________________________________________________________

@002