PATENT LICENSE AGREEMENT
This Patent License Agreement (this “Agreement”) is dated as of ____________________________ (the “Effective Date”) by and between Corey Jacobs Consulting LLC (hereinafter “Company”) AND Joseph Innovations LLC of Pompano Beach FL 33060. Individually referred to as “Party” and collectively referred to as “Parties”. Both Parties intend to be legally bound as follows.
- Scope of work. For consideration to be discussed in the future, Joseph Innovations LLC irrevocably grants to Corey Jacobs Consulting LLC the right to distribute, advertise and use the Brush2wavy electrical brush patented by Joseph Innovations.
- Restrictions. Except as forth expressly herein or as permitted by Corey Jacobs Consulting LLC, Joseph Innovations shall not, and shall not permit to (a) sublicense. Sell, or distribute the work hereunder; or modify the work hereunder.
- Term and Termination. The term of this Agreement shall commence on the Effective date, and continue perpetually for as long as Joseph Innovations makes electric brushes for the Company.
- Joseph Innovations Representations and Warranties. Joseph Innovations represents that the model for the electric brush does not violate the intellectual property rights or other protected interests of a third party, and agrees not to damage the rights, business interests, property, or personal safety of Corey Jacobs and its employees and users and the public.
- Release from liability. Joseph Innovations releases the Company and the Company’s assigns and licensees, and successors from any claims that may arise regarding the use of the electric brush, including any claims of defamation, invasion of privacy, or infringement of moral rights, rights of publicity or copyright.
- Rights assigned to the Company. The Company is allowed to promote the electrical brush on their social media platforms, through ads, email marketing, through social media influencers for the purpose of promoting the electric brush.
- Obligations of the Company. The Company shall cooperate and provide assistance to Joseph Innovations if need be.
- Confidentiality. The Company may disclose to Joseph Innovations certain confidential information regarding its technology and business (“Confidential Information”). Joseph Innovations agrees to keep confidential and not disclose or use any Confidential Information except to support its use of the work. Confidential Information shall not include information that either party can show (a) was already lawfully known to or independently developed by Joseph Innovations without access to or use of Confidential Information, (b) was received by Joseph Innovations from any third party without restrictions, (c) is publicly and generally available, free of confidentiality restrictions; or (d) is required to be disclosed by law, provided that Joseph Innovations provides Company with prompt notice of such requirement and cooperate in order to minimize such requirement. The Company considers and treats the Joseph Innovations’ personal information such as address, age, nationality, telephone number, email address and physical address as confidential information and will not disclose it to third parties.
- Limitation of Liability. To the maximum extent permitted by applicable law, in no event shall Company be liable to Joseph Innovations or any third party for any damages, including but not limited to incidental, consequential, indirect, direct, and special or punitive damages arising out of the work. In no event shall the Company’s maximum cumulative liability under any cause of action exceed the amount paid by Company to Joseph Innovations. As such, if the Company has not made any payments to Joseph Innovations in order to use the electric brush, Company shall not have any liability to Joseph Innovations LLC.
- Disputes. Any disputes arising out of this Agreement shall be submitted to the jurisdiction of ___________________ Courts.
- Miscellaneous. This Agreement represents the entire agreement between the parties regarding the subject matter hereof and supersedes any and all other agreements between the Parties, whether written or oral, regarding the subject matter hereof. Except as expressly set forth herein, this Agreement may not be modified or amended except in a writing executed by both parties. All waivers must be in writing. If any part of this Agreement shall be invalid or unenforceable, such part shall be interpreted to give maximum force possible to such terms as possible under applicable law, and such invalidity or unenforceability shall not affect the validity or enforceability of any other part or provision of this Agreement which shall remain in full force and effect.
- Governing Law. The Agreement shall be governed by the laws of Florida the competent courts in Broward shall have exclusive jurisdiction to hear any dispute arising hereunder.
By typing my name (Joseph Innovations), I confirm that I agree to the electronic submission of my completed agreement and that I accept that the information provided constitutes a legally binding digital signature.
IN WITNESS WHEREOF, the Parties have executed this Agreement through their duly authorized representatives as of the date first written above.
By: ________________________ By: ______________________
Name: ______________________ Name: _____________________
Date: ______________________ Date: ________________________
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