Agreement effective this ____________________ day of __________________, 19 _____, by and between ______________________
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situation and the laws in every state are different.
Use this document as a guide only until you are sure itBU will meet your needs and fulfill the
legal requirements of the state you reside in.
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Months
Maintain
Making
Manufacture
Manufactured
Marketing
Merger
Motion
Notice
Notified
Notwithstanding
Number
Numbers
Obtain
Officer
Officers
Operating
Operations
Opinion
Order
Ordinary
Organized
Other
Others
Outlining
Owner
Paragraph
Paragraphs
Parties
Party
Patent
Patents
Payment
Payments
Percent
Permission
Phone
Pictures
%) of the gross amount received from any sublicense.
4. Licensee agrees to maintain ordinary books of account covering all of its operations hereunder and to furnish to licensor on a quarterly calendar-year O
basis a report outlining all sales during the preceding quarter for which royalties are due hereunder, accompanying said report with the payment due for said quarter. Licensee agrees to make available at reason
11. This agreement and the relationship of the parties shall be determined in accordance with the laws of the State of ______________________.
12. Any communication or notice provided for hereunder shall b[
e effective if addressed as follows to the party to be notified:
If to Licensor: ____________________________Inventors Address
____________________________
5prop
.numbers as shall be required by licensor.
and Design rights to Manufacture and sell _________________________________ and to use Licensor
s Name rights in respect thereto.
2. In consideration for the aforesaid license under paragraph 1 I hereof, licK
enses hereby agrees to pay licensor a royalty of five percent (5%) based upon the gross sales price of any apparatus manufactured and sold which utilizes licensor
s patent Rights, Technical and Design Informati
Month
__________________Inventors Phone Number
If to Licensee: ____________________________Company
s Address
____________________________
]
__________________Company
s Phone
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first written above.
_________________________________Inventor
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presentatives
Agree
Corporation
Inferior
= Organized
Products
Times
s under Licensor
s Patent Rights, Licensor
s Technical and Design rights and Licensor
s Name rights subject to the other terms and conditions of this agreement.
NOW, THEREFORE, in accordance with the premiseI
s and covenants herein contained, the parties hereto agree as follows:
1. Licensor hereby grants to Licensee an exclusive worldwide right and license under Licensor
s Patent Rights and Licensor
s Technical
Hereby
Herein
Hereinafter
Hereof
Hereto
Hereunder
Inting
Shall
Signature
Specified
Start
State
States
Stock
Subject
Sublicense
Sublicenses
Tanto
Technical
Terminate
Terminated
Termination
Terms
Therefore
Thereto
Times
Title
Trademark
Under
United
Utilizes
Whereas
Whereof
Which
Whose
Witness
Witnesseth
Worldwide
Written
able times and upon due notice said books of account for inspection by representatives of licensor.
5. Licensee agrees to mark all equipment produced under this license with the appropriate patent number or Q
numbers as shall be required by licensor.
6. With respect to licensee
s use of
_____________________________________
as a trademark, licensor reserves the right to control the quality of all product
or Q.numbers as shall be required by licensor.
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1_________
_________20_________
_________22_________
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_______ and may develop, acquire and obtain patents in th
ion of the patent included under Licensor
s Patent Rights. The agreement shall, notwithstanding, continue (subject to any other termination provision hereof) for the life of any patent application or patent incW
luded in Licensor
s Patent Rights.
9. This agreement may be terminated by the licensor forthwith by due written notice to licensee upon the failure of the licensee to pay any of the royalty payments provided
lic
for under and in accordance with paragraphs 2 and 3.
10. This agreement may be terminated by Licensor upon due written notice in the event of bankruptcy or insolvency of Licensee or in the event of licenseeY
s making an assignment for creditors, in the event that an order for sequestration shall be issued against Licensee
s assets, or upon the merger or acquisition of the licensee
s stock or assets with another.
imise
Month
WarningB
as a guide only until you are sure itBT will meet your needs and fulfill the legal requirements
of the state you reside in.
require a written permission from the licensor to resume production.
7. Licensee agrees to hold licensor harmless with respect to any and all claims for damages, including reasonable attorney fees resultingU
from the manufacture, demonstration, marketing or sale of device licensed hereunder.
8. This agreement shall terminate pro tanto with respect to the license granted hereunder upon the expiration or terminat
ucity
s bearing such trademark. Licensor may require the right to control the quality of all products bearing such trademark. Licensor may require the licensee, upon written notice, to stop production and sales of anS
y device bearing the licensor
s trademark, if in the opinion of the licensor the product is of a quality inferior to the quality agreed upon by the parties at the time of the start of manufacture. Licensee will
dear
LICENSE AGREEMENT
Agreement effective this ____________________ day of __________________, 19 _____, by and between ______________________B
_____, whose address is ______________________________________________ (herein referred to as
Licensor
) and ________________________, a corporation organized under the laws of the State of __________________
Month
on Rights and Name Rights.
3. Licensee shall have the right to extend sublicenses to others under the rights granted hereunder, including the use of the Licensor
s Name Rights in motion pictures or publicityM
-oriented endeavors, so long as licensor shall receive from such sublicenses the royalty specified under paragraph 2 or, with respect to the use of the Licensor
s Name Rights, an amount equal to five percent (5
Thereto
Timees
Whereas
Which
Whose
Witnesseth
Worldwide
said books of account for inspection by representatives of licensor.
5. Licensee agrees to mark all equipment produced under this license with the appropriate patent number or Q.numbers as shall be required by licensor.
s Signature
_________________________________Signature of Authorized Officer
_________________________________Inventors Name (Print)
Agreement effective this ____________________ day of __________________, 19 _____, by and between ______________________
_____, whose address is ______________________________________________ (herein referred to as
Licensor
) and ________________________, a corporation organized under the laws of the State of __________________C
________, whose address is ______________________________________ _______________________________ (hereinafter referred to as
Licensee).
intain
intain
ntain
ntain
aintain
WITNESSETH
WHEREAS, Licensor is the owner of U.S. Patent application Serial No. __________________ which covers ______________________________________ and may develop, acquire and obtain patents in thE
e United States and foreign countries from time to time relating to the construction of such devices (hereinafter called
Licensor
s Patent Rights
WHEREAS, Licensor has developed a body of technical and d
ating
Relating
Relating
esign information relating to the construction and operating of _________________________ (hereinafter called
Licensor
s Technical and Design Rights
WHEREAS Licensor has now or shall develop certain propG
rietary rights in the name of
______________________________________________
hereinafter called
Licensor
s Name Rights
); and
WHEREAS, Licensee desires to obtain a license to manufacture and sell apparatu
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