TYPES LICENSE CONTRACT ON INDUSTRIAL PROPERTY OBJECT
According to Law on Intellectual Propert types of license contract on, industrial property object include:
- Exclusive contract means a contract under which, within licensing scope and term, the licensee shall have an exclusive right to use the licensed industrial property object while the licensor may neither enter into any industrial property object license contract with any third party nor, without permission of the licensee, use such industrial property object;
- Non-exclusive contract means a contract under which, within licensing scope and term, the licensor shall still have the rights to use the industrial property object and to enter into non-exclusive industrial property object license contracts with others.
- Industrial property object sub-license contract means a contract under which the licensor is a licensee of the right to use an industrial property object under another contract.
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