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What rights are typically assigned to a licensee?

April 26, 2017Licensee Rights

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What rights are typically assigned to a licensee?

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The licensing terms depend upon the business needs and the obligations of the university. A licensee’s rights may be exclusive or non-exclusive for a given field of application and for a defined geographical area. The rights may also include some combination of product development, manufacturing, marketing, and sales and distribution, again in a defined geographical area for a specific application.