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What are typical license terms?

Different inventions require different licensing strategies. For example, a basic new scientific tool likely to be widely
used is typically licensed on a non-exclusive basis. In contrast, an invention which requires significant investment of
resources by a company is typically licensed on an exclusive basis. The exclusive license provides an incentive to the
licensee to commit risk capital investments required for product development. Also, license terms for a start-up
company are typically different than those for large companies.