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NONEXCLUSIVE LICENSE AGREEMENT BETWEEN WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. AND LICENSEE NAME Agreement ID This license agreement (the Agreement) is entered into as of the date of

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How to fill out non-exclusive license agreement

01

Identify the parties involved in the agreement.

02

Clearly outline the licensed property or rights being granted.

03

Specify the duration of the license agreement.

04

Determine any limitations or restrictions on the usage of the licensed property.

05

Address issues related to royalties or any compensation for the license.

06

Include clauses related to termination of the agreement.

07

Have both parties sign the agreement to make it legally binding.

Who needs non-exclusive license agreement?

01

Individuals or businesses looking to grant or obtain rights to use intellectual property such as trademarks, patents, or copyrighted material in a non-exclusive manner.

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What is non-exclusive license agreement?

A non-exclusive license agreement is a legal contract between a licensor and a licensee, granting the licensee the right to use a specified property without competing licensees.

Who is required to file non-exclusive license agreement?

Both the licensor and the licensee are required to file a non-exclusive license agreement.

How to fill out non-exclusive license agreement?

To fill out a non-exclusive license agreement, both parties must clearly outline the terms of the license, including the scope of use, duration, and any restrictions.

What is the purpose of non-exclusive license agreement?

The purpose of a non-exclusive license agreement is to establish a legal relationship between the licensor and licensee, allowing the licensee to use the property without exclusivity.

What information must be reported on non-exclusive license agreement?

The non-exclusive license agreement must include details of the licensor and licensee, the property being licensed, terms of use, duration, and any limitations or restrictions.

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