Royalty Financing Agreement Template
If you are thinking about licensing your intellectual property or becoming a licensee, you should be familiar with licensing agreements. A company`s licensing agreement is a central element of any licensing operation and ensures that both parties are compensated fairly for their contributions. In this article, we explain what a license agreement is and give you an example when it could be used. At the end of this page, you can download a license agreement to give you a real example of what is contained in a license agreement and how it is designed. This License Agreement is concluded at [Agreement.CreatedDate] between the following parties: PandaTip: As contract and license law differs from jurisdiction to jurisdiction, it is important to define where this agreement will be judged in the event of a dispute. While the Licensor owns and holds the rights to grant shares in [Property.Address], the Grantee has expressed an interest in using the Grantor`s property for [Time.Period] by paying a portion of the Grantees` profits as a royalty for the property, as well as all agreed lump sums included in this License Agreement. During the course of this Agreement, any party may request at any time, by written notice, to terminate this Agreement. PandaTip: In the «Global Agreement» section, it is stated in the proposal that this agreement is considered the only license payment agreement for the listed real estate. Any other promises or agreements that are not documented here are not deemed valid. This confidentiality clause remains in effect even in the event of termination, termination or conclusion of the license agreement. He therefore decided to enter into an agreement with HeadSoundz, a manufacturer specializing in the manufacture and sale of audio equipment. To do this, PhoneMe must license its trademark, trade name and brand rights to HeadSoundz in order for HeadSoundz to use PhoneMe`s distinctive brand on headphones, packaging and marketing.
Both parties enter into a license agreement. Both sign a licensing agreement that confirms that HeadSoundz PhoneMe will pay a quarterly royalty of 5% of net sales in exchange for the use of PhoneMe`s brand, trade name and brand for a period of 3 years. If, at any time, one or more terms of this License Agreement are held to be unenforceable or unenforceable, the parties agree to replace a similar provision or condition to replace the erroneous provisions. None of the parties to this License Agreement is delegated to any task without notice or authorization. By signing this license agreement, the licensor agrees to provide the fellow with all documents necessary for the property for the agreed term. Here is a made-up example of a situation in which there is a license agreement: PandaTip: In the same way that the licensee can list all the insurances and guarantees listed in the section below, a similar section of the draft license agreement is made available to the beneficiary below. A company`s licensing agreement is an advantageous legal agreement between a licensor and a licensee. It grants the licensee the right to use, under certain conditions, the intellectual property of the licensor against payment of the license.
Typically, a licensing agreement is used when an inventor wishes to grant his intellectual property rights so that another party can manufacture and sell his invention….