Intellectual property licenses generally contain a long list of adjectives, some of which, in our experience, are often misunderstood. “Revocable” and “irrevocable” are two examples. Licensed parties often contain or save these words, without understanding the impact this can have on the license and on the overall contract. As the law is a little murky on this issue, we propose this practice note to explain and make some recommendations on the use of these terms. If your licensing agreement is silent on restrictions, retraction and termination (i.e. it does not contain language about these issues), your possibility of termination will likely depend on the length of the agreement. Many courts have found that non-exclusive indeterminate agreements, which tacitly remain silent on retraction, can be revoked at their convenience. With respect to non-exclusive maturity agreements (which set a fixed period for the licensee`s rights) that are silent with respect to withdrawal, many courts have found that they cannot be terminated for life. Did the licensee commit a breach of contract? To make sure you have the right licensing agreement to protect your property, contact Larsen Law Offices, LLC.
You can arrange a consultation with an experienced Colorado license lawyer by calling (303) 520-6030. But do these agreements really run until the end of time or are there circumstances in which you can terminate an indeterminate licensing agreement? The answer is usually your answers to two other questions: a meeting with engineering staff should be scheduled to coordinate the processing time for the retraction license (usually takes 4 to 6 months). Before applying for a retraction licence agreement (i.e. DRC Level I), please contact Dennis Girisgen at 954-828-5123 or email@example.com to discuss the proposed scope of closure within the City Right-of-Way. We hope that this practice note will help you understand the possible consequences if you include (or do not include) explicit provisions in your licenses regarding retraction and terminability (and the interaction between the two concepts) and how best to use these terms to achieve the desired results. Given the lack of clarity of the law and the impact on the interpretation of different parts of a licensing agreement, we propose some best practices: Revocable License for Land Use: A license allows non-exclusive use of land and is revocable for no reason and the infrastructure is temporary.