How is Technological Element defined in a legal contract?
- Technological Element means any single biological material, data, methods, protocols, procedures, and processes that come from [organization]'s research project, which are used or incorporated in a product. These can be separated from other similar elements in the product and, without a license, would infringe on patent rights. There are three exclusive types of Technological Elements: those owned solely by one party, those jointly owned by two parties, and all others. Seen in 3 SEC filings.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
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Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Technological Element means any core part or procedure from a [organization]'s project used in a product, potentially infringing patent rights without licensing.
Relevant Contract Types
- Technology Transfer Agreements
- Licensing Agreements
- Intellectual Property Assignments
- Research and Development Contracts
Relevant Circumstances
- Technology sharing between businesses
- Product development involving proprietary technology
- Use of technology subject to patent rights
- Situations where licensing is required for technology usage
Relevant Sectors
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Technological Element means any core part or procedure from a [organization]'s project used in a product, potentially infringing patent rights without licensing
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