What Is Exclusive Licensing Agreement

(g) a licence in another area or area of use, in addition to the territory and/or FIELD, is subject to a separate agreement and requires the presentation of satisfactory supporting documents for Harvard University and LICENSEE`s willingness and ability to develop and market in that other area and/or area of use the types of products or processes likely to be covered in that other area and/or field. LICENSEE seeks an exclusive license in the territory to practice the aforementioned invention, which falls under BREVET RIGHTS in the United States and in certain countries, and to produce, use and sell on the commercial market products manufactured under this treaty, and HARVARD has the authority to grant it to LICENSEE in accordance with the provisions of this agreement. (ii) is active in research, development, production, marketing or sublicensing, which is likely to reach point 3.2 (d)i). 5.2 Sixty (60) days at the latest after June 30 of each calendar year, The licensee, HARVARD, presents a written annual progress report outlining progress in research and development, administrative approvals, production, sublicensing, marketing and distribution in the final period from twelve months (12) months to June 30, as well as plans for the coming year. When multiple technologies are covered by the targeted license, the progress report provides the above information for each technology. If progress differs from the progress projected in the plan in paragraph 5.1 above, LICENSEE explains the reasons for the difference and proposes a modified research and development plan for the review and approval of HARVARD. LICENSEE also provides all the additional data HARVARD needs to evaluate LICENSEE`s performance. Exclusive licenses naturally confer more rights than non-exclusive licences and generally fulfill a number of contractual obligations relating to IP, including registration/prosecution, defence and enforcement of intellectual property rights. In order to take into account the risk posed by the licensee to the abandonment of the right to commercialization of intellectual property, exclusive licenses also tend to require the licensee to fill certain development stones, marketing bricks and/or sales minimums.