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Patent Sharing Agreement
"Need a Patent Sharing Agreement for our biotech startup to share our gene-editing patent with a research institution in Singapore, including provisions for future improvements and commercialization rights, planned to commence in March 2025."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Grant of Rights: Specific patent rights being shared or licensed
5. Term and Termination: Duration of agreement and conditions for termination
6. Financial Terms: Royalty rates, payment terms, and other financial obligations
7. Confidentiality: Protection of confidential information exchanged
1. Improvements: Terms governing the handling of future improvements to shared patents, used when ongoing development is expected
2. Sub-licensing Rights: Terms for allowing third-party licensing, included when sub-licensing might be desired
3. Territory Restrictions: Geographical limitations on patent use, included when rights are territory-specific
4. Quality Control: Standards for implementation of patented technology, included when quality maintenance is crucial
1. Schedule of Patents: Detailed list of patents covered by the agreement
2. Royalty Calculations: Detailed methodology for calculating royalties
3. Technical Specifications: Technical details of patented technology
4. Reporting Templates: Standard forms for usage reporting and royalty calculations
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