1. This program will now create a "LICENSE OF INTELLECTUAL PROPERTY" for you.
2. What is the name of the person granting the license?
3. What is the name of the person or company who will be getting the license?
4. Please describe the property that is to be licensed.
5. Has a U.S. Patent been issued for [4]?
6. What is the Patent number?
7. Has a U.S. patent been applied for?
8. Is the license to be exclusive?
9. Is the license for a specific area?
10. What is the area?
11. Will [3] be paying a fixed sum to [2] for the rights granted hereunder?
12. Will that sum be a one time payment?
13. What is the amount of that sum?
14. When will that sum be due?
15. When will [2] receive payments? ("monthly", "quarterly", "yearly", etc.)
16. What amount will [2] be paid [15]?
17. How many days after the end of the period will this sum be paid to [2]?
18. Will [3] be paying a percentage of the money that he or she receives from the product?
19. What will be the percentage of gross revenue received by [3] that will be paid to [2]?
20. When will the royalty be paid? (Please put the designation of when the royalty is to be paid: "monthly", "quarterly", "annually", etc.)
21. How many days after the end of the period will the royalty be paid to [2]?
22. Will this agreement terminate when the patent expires?
23. Will this agreement continue for a certain number of years?
24. How many years?
25. Can this agreement be terminated by the discovery that the patent is unenforceable?
26. Can this agreement be terminated if the patent is not granted in the property?
27. Is the Licensor going to protect the Licensee from lawsuits or actions concerning the property?
28. Will the Licensee defend the property from lawsuits or actions?
29. Do you wish this agreement to have an attorneys' fee clause? (This is a clause allowing attorneys' fees to the prevailing party if any dispute occurs concerning this agreement.)
30. Do you wish that any dispute that arises hereunder be resolved by arbitration, rather than court?
31. In what city or town will this agreement be signed?
32. In what jurisdiction will this be signed? (Please put the name of where you live; for example, "the State of ...", "the District of Columbia" or "the Jurisdiction of Puerto Rico.")
33. You are now done with the questions. The program will now create an "LICENSE OF INTELLECTUAL PROPERTY" document specifically as you have defined it.
