In this agreement, the party granting the right to use the licensed property [OWNER] is designated “owner” and the party who obtains the right to use the licensed property [USER] is designated “User.” 5.1 Prior to the signing of this agreement, LICENSEE provided Harvard with a written research and development plan under which LICENSEE plans to commercially exploit the purpose of the licensing granted under this agreement after the implementation of this agreement. This plan includes sales forecasts and proposed marketing efforts. (a) a non-exclusive commercial license under the RIGHTS patent and 3. The owner wishes to obtain a licence and the licensee has agreed to authorize the purchaser`s use of the plant in accordance with the terms of the contract. The transfer of copyright, including exclusive licenses, does not require consideration to be valid. Although it is common for the purchaser (the party receiving the copyright or rights), there is no need to pay a fee to the copyright holder, but no payment or other benefit is required. If you own a copyrighted work, z.B a book, article, play or song, you have the right to decide if and how someone else can use it. Permission to do so is called licensing, which is a written contract that gives the user the right to use the work, usually for payment. Non-exclusive licenses should also not be considered to be valid.
However, non-exclusive licenses are revocable (i.e. the copyright holder may revoke the licence at any time) if no consideration is contemplated. This means that you (as the copyright holder) can revoke the license at any time if you receive no consideration, whether or not you put a fixed time limit for the duration of the non-exclusive license in the license agreement. Conversely, if you (as a copyright holder) take against the issuance of the license, you can only revoke the license if you plan to revoke the license agreement. A copyright license cannot be exclusive or exclusive, also known as limited or unlimited. When an exclusive license is granted, the licensee or person receiving an authorization is the only organization entitled to use the copyrighted work for the duration of the license agreement.