Non-Exclusive License – grants the licensee the right to use the license subject to the agreed terms and territory for a specified period. In this case, the licensor (seller) reserves the right to use the subject of the license and provide licenses to other persons.
Exclusive license – gives the licensee (buyer) the right to use the subject of the license solely on the agreed terms and territory for a specified period. At the same time, in this territory and during this period, the licensor is not entitled to use the subject of the license and to grant licenses to other persons.
According to the legislation of Ukraine, license agreements do not require mandatory registration, and agreements on the transfer of ownership must be registered with the Patent Office.
The transfer of rights under the agreement on the transfer of rights and license agreement is carried out for a fee and in this sense is akin to selling goods on the market, and, as a rule, it is a profitable sale for both parties. At the same time, it’s not only the registration deadline in Patent Office that depends on the accuracy and thoroughness of the execution of contracts , but further conflict-free interaction of the parties. Therefore, in drawing up agreements on the transfer of intellectual property rights and license agreements, it is more expedient to cooperate with experts in this field.