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DA Form 2873-R License of Invention (LRA)
DA Form 2873-R License of Invention (LRA) is a document that grants permission to use or produce a patented invention or intellectual property. This form is used by the Department of the Army to license intellectual property rights and to grant permission to third-party individuals or organizations to use the invention, while the inventor retains the copyright.
DA Form 2873-R is a legal agreement between the inventor and the licensee which outlines the terms and conditions of the license. It also outlines the duration of the license, the geographical location where the license is applicable, and the fees or royalties that the licensee will pay to the inventor.
Once the DA Form 2873-R License of Invention (LRA) is signed by both parties, it serves as a legal agreement that allows the licensee to use the invention or intellectual property for a specified period, while the inventor retains the right to continue to develop and improve the invention.
Instructions for DA Form 2873-R License of Invention (LRA)
The DA Form 2873-R License of Invention (LRA) must be completed and signed by both the inventor and the licensee. The form requires the following information:
The name and address of the inventor
The name and address of the licensee
A detailed description of the invention or intellectual property
The duration of the license
The geographical location where the license is applicable
The fees or royalties that the licensee will pay to the inventor
Both the inventor and the licensee must read and understand the terms and conditions of the license agreement before signing the form. Once the form is signed, it becomes a legally binding agreement between the two parties.
The Purpose of DA Form 2873-R License of Invention (LRA)
The purpose of the DA Form 2873-R License of Invention (LRA) is to protect the intellectual property rights of the inventor while allowing the licensee to use the invention or intellectual property for a specified period. By signing the form, the inventor grants permission to the licensee to use the invention in exchange for payment of fees or royalties.
The form also ensures that the licensee understands the restrictions and limitations of the license. It specifies the duration of the license, the geographical location where the license is applicable, and the fees or royalties that the licensee will pay to the inventor. This helps to prevent any disputes that may arise between the inventor and the licensee in the future.
In conclusion, the DA Form 2873-R License of Invention (LRA) is an essential document that protects the intellectual property rights of the inventor while allowing the licensee to use the invention or intellectual property for a specified period. It is important that both parties understand the terms and conditions of the license agreement before signing the form to prevent any disputes in the future.