If a confidentiality or confidentiality agreement has been entered into by the parties and remains effective for the duration of the license agreement, nothing else is necessary. If this is not the case, a section dealing with confidentiality conditions may be included in the license agreement. Have all the relevant information about the parties in one place, such as for example. B their legal names, the contact details of the negotiating party and the legal addresses, is a time saver if the final agreement is in writing. A patent license agreement is a contract between the patent owner, the licensor, and another, the licensee that gives the licensee the right to use, develop, manufacture or sell the patented technology or process, rights otherwise reserved exclusively to the patent owner. A patent gives its owner exclusive rights to manufacture, use, offer and sell the patented technology or process. See 35 U.S.C§154. The licensor may grant either of these rights. A license is not a sale and the licensor remains the owner of the patent. Thus, patent licenses allow an inventor to commercialize his invention, commercialize it, produce it at a level higher than his individual capabilities and thus maximize the potential for remuneration of a new technology or process.
The exact language of the grant must be indicated. These include the intellectual property rights under which the licence is granted: only patent rights or know-how rights, or both; and exclusive rights, which are co-exclusive or non-exclusive with the licensor. . . .