Module 1 · Chapter 2

The Grant: What, Where, How Long

The grant is the heart of a licence. It says what the licensee may use, on which products, where and for how long. Each grant in this deal gives a different answer.

≈ 8 min read 8-question test

In this chapter

  • What the Licence covers, and why only the existing pumps
  • Why the brand is exclusive and the know-how is not
  • What the Licence leaves out, and how it is signed

2.1The grant in one paragraph

The clause of a licence that gives the permission is called the grant. A grant answers four questions: what may be used, on which products, where, and for how long. Clause 2 makes three grants, one each for the brand, the know-how and KelderPlan. Each gives different answers, because each has a different job while the factory moves away from its old group.

Key point

Each word of a grant decides who may do what after the sale. The word “exclusive” keeps the group's own branded pumps of these models out of the UK and Ireland. The word “irrevocable” stops Kelderwick IP taking the know-how back.

Also in this chapter

  1. What the Licence covers
  2. Exclusive or non-exclusive
  3. A know-how licence that never ends
  4. What is left out, and how the Licence is signed
  5. Your job

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