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Technology License Agreement Example

In May 2018, Nestlé and Starbucks entered into a $7.15 billion coffee licensing agreement. Nestlé (the licensee) has agreed to pay $7.15 billion in cash to Starbucks (the licensee) for exclusive rights to sell Starbucks products (single serving coffee, teas, beans, etc.) through Nestlé`s worldwide distribution network. In addition, Starbucks receives royalties from coffees and packaged teas sold by Nestlé. Notice of proposed third-party products – In the case of an exclusive license granted in all or in many areas, the licensee may first focus on a limited number of products or uses for the technology granted. In order to support Harvard`s mission to promote the common good by commercializing Harvard`s technology as widely as possible, Harvard may include provisions similar to those in the link below, to encourage a taker to develop third-party products or to sublicate the Harvard patent licensee`s rights to a third party to enable the development and commercialization of additional products. [Add appropriate materials that describe and detail the technology that is licensed by the licensee (Patent Technology Inventor) to the licensee (Intellectual Property Co..).] GRANT OF LICENSE – Tensar International Corporation (“ICT”) owns all intellectual property and other rights to the software. ICT grants the licensee below (“LICENSEE”) a non-exclusive and non-negotiable license (without the right to sublicensing or transfer) for the use of SpectraPave4™ and/or SpectraPave4-PRO (“Software”) software and corresponding written documents; including future updates (together “licensed technology”) that cover all of these, illustrate and describe the method of using and making available pre-construction conceptual and general construction calculations and illustrations for the use of Tensar Geogrids polymer flooring products (“Tensar Geogrids”) as components in the sub-standard basic enhancement and reinforcement systems of ICT. ICT can also provide general and limited technical assistance by phone or email regarding the use of its software and the use and installation of its Tensar Geogrids. Before you accept the license of your technology, you should look for certain terms and conditions.