What is right to sub licensing?

What is right to sub licensing?

However, there is one situation where the Act may be interpreted to permit a licensee to sub-license – this is when a licence is an exclusive licence. This definition appears to confer a right to sub-license the licensed work to an exclusive licencee.

What does it mean to sub licence?

Legal Definition of sublicense : a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license.

Can a licensee grant a sublicense?

Contract law generally allows a licensee to sublicense their contractual rights and obligations, unless the agreement states expressly that this is not permitted. The exception to this is where the contract requires a particular person to perform the contract or requires personal services from them.

What is the difference between licensing and royalties?

Royalty. Royalties are usage-based payments for using an asset or property. It’s generally a percentage of gross revenue or net profit. Meanwhile, a licensing fee is money paid by someone using someone’s property, but this fee is generally a fixed amount.

What is the difference between licensor and licensee?

The party providing the intellectual property is called the licensor while the party receiving the intellectual property is called the licensee. In a licensing agreement, the licensee typically pays an upfront fee in conjunction with a royalty fee.

When do I have the right to sub-license?

Right to Sub-License. 3.1.1. The Licensee shall be entitled to sub-License the built up space to any person or entity (the “Sub-Licensee”), only after completion of the building and after obtaining necessary Completion Certificate from CMDA and also after providing complete Utility services.

What’s the difference between a sublicense and a license?

Sublicense means, directly or indirectly, to sublicense, grant any other right with respect to, or agree not to assert, any licensed right under any Patent, Know-How or other Intellectual Property right. When used as a noun, “Sublicense” means any agreement to Sublicense. Loading…

Can a sub licensee sub license a built up space?

The Licensee shall be entitled to sub-License the built up space to any person or entity (the “Sub-Licensee”), only after completion of the building and after obtaining necessary Completion Certificate from CMDA and also after providing complete Utility services. The sub Licensee shall not further sub License any of the building/ structures.

What does the term sublicense mean in patent law?

Sublicense means, directly or indirectly, to sublicense, grant any other right with respect to, or agree not to assert, any licensed right under any Patent, Know-How or other Intellectual Property right. When used as a noun, “Sublicense” means any agreement to Sublicense.

Sublicense means, directly or indirectly, to sublicense, grant any other right with respect to, or agree not to assert, any licensed right under any Patent, Know-How or other Intellectual Property right. When used as a noun, “Sublicense” means any agreement to Sublicense. Loading…

Right to Sub-License. 3.1.1. The Licensee shall be entitled to sub-License the built up space to any person or entity (the “Sub-Licensee”), only after completion of the building and after obtaining necessary Completion Certificate from CMDA and also after providing complete Utility services.

Can a licensor allow a sublicense to survive?

Some licensors will agree to permit the sublicense to survive if the sublicensee assumes the financial terms of the license itself (with appropriate adjustments if there are multiple sublicensees). Some licensors will allow automatic survival of sublicenses, especially if they have expressly approved the sublicense.

What do you need to know about sublicense agreements?

A sublicense agreement is an agreement by which the licensee (as sublicensor) grants to someone else (as sublicensee) some of the licensee’s rights. If permitted by the original license agreement, there may be multiple tiers of sublicensees.