This is a general rule of good conclusion of the contract and a requirement within the framework of the rain valley policy that we always had to start with our empty standard agreement, including with continuous licensees. This prevents us from routinely engaging under the same conditions that may no longer be appropriate or desirable and allows us to use the thoughtful changes we have made to our standards and expectations. The licensor should not be able to terminate the license due to the licensee`s infringement unless the licensee has notice and a cure (often 30 days). For some key applications, the licensee may deny a right of termination to the licensor (except perhaps in extreme circumstances, and then only after significant notice and opportunity for recovery). This license checklist is a comprehensive tool that is useful for entering very important concepts and terms into a complex license. Nevertheless, the checklist can and should be amended by each institution to reflect the way it does business. If a previously negotiated agreement (which we strongly advise against) is used as a starting point for a new agreement, the concerns of the previous licensee may unnecessarily complicate this situation and put us at a disadvantage by finding ourselves in a position from which we may have to withdraw further. For example, a company may insist on guarantees that we usually do not give, but that we want to approve in a given situation. However, we do not want to give these guarantees at the beginning of another operation.
There are a number of factors you need to consider, for example.B. the qualification of the vendor installing the software and the support and training a vendor is willing to give you. The agreement should specify the steps necessary for efficient installation and the tasks necessary for implementation, including the obligations of each of the Parties to accomplish those tasks in the timetable. This part of the checklist may be more relevant for for-profit licensors, but nonprofit licensors may also include more than one patent (and its family) in the definition of IP. In addition to guarantees, compensation is the most serious of our commitments. A compensation contains our promise to pay for all costs incurred by the licensee if we breach our warranties. . . .