STAGE 4 COMPREHEND IT NEGOTIATIONS

STAGE 4 COMPREHEND IT NEGOTIATIONS GROUP:212032_182 INDUSTRIAL ENGINEERING WILDER DIMEY CRUZ ALAPE TUTORA: Danilo Cardenas Erazo UNIVERSIDAD NACIONAL ABIERTA Y A DISTANCIA (UNAD) 2023

License option

They are temporary licenses, consisting of a reservation of the result for a limited time, this reservation can be exclusive or not.Example:They are temporary licenses, consisting of a reservation of the result for a limited time, this reservation can be exclusive or not. Used in those cases in which the company wishes to validate the technology before making the decision to acquire it.

License term

The term should be agreed upon to allow time for the licensee, to perform due diligence on patents and technology, and specify the event usually the request is a specific date, or on the filing of an evaluation report or some other action.

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Right of first refusal

When the licensee is interested, but may not be willing to accept a license, so the licensor may decide to offer a right of first refusal, upon receiving an offer from another party, it has to offer the license to the first party. If the first party rejects the offer, it can accept the second offer and grant the license to the second party.

Scope of license

The license should be as specific as possible using several parameters to define its scope. Exclusive License: The licensee is the sole authorized user of the licensed intellectual property. Sole License: The licensee is the only legal entity granted a license to use the intellectual property, although the licensor may also use it. Non-exclusive License: Allows the licensor the rights to use the IP itself and also the right to license the same IP to others.

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Exclusivity

May be granted without assigning exclusive rights to the entire IP. Application: When the technology has more than one IP application; e.g. specific product or precise process. Territory: Restricts the license to a specific country or geographic region in which the licensee has exclusive rights. Duration: The duration of the license can be (i) for the term of the last patent to expire (20 years from filing);(ii)shorter if it is an early stage technology;(iii) the licensor is not sure how the licensee will act; (iv), fixed term, (v), it can be an exclusive license.May be granted without assigning exclusive rights to the entire IP.

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