Patent / Technology Licence Agreement

Neutral - Wide Scope

No. of Prokens Required: 3 |

Document Preview:

Description:

Patent / Technology License Agreement whereby the Licensor grants the Licensee a wide range of rights (include right to sub-license) to use the invention / patent works for commercial production. This is drafted in Neutral Form.

In consideration of the Licensee observing and performing all of its obligations under this Agreement the Licensor grants to the Licensee a non-transferable non-exclusive licence/exclusive license to develop and commercialise the Licensed Intellectual Property in the Licensed Field on the and conditions of this Agreement in order that the Licensee may manufacture and sell the Licensed Products for the duration of this agreement in their territory including the right to sub-license the Licensed Intellectual Property.

The Licensee shall not use the Licensed Intellectual Property in relation to any goods or services other than the Licensed Products during the Term or after it. Any extension to this Agreement to include products other than the Licensed Products shall be at the sole discretion of the Licensor. The Licensee must not use or exploit the Licensed Intellectual Property except as expressly authorised by this Agreement.

The Licensee undertakes that: (a) it shall use the Licensed Intellectual Property only in relation to Licensed Products which conform to an a reasonable standards of quality; (b) the Licensed Products shall conform to any statutory or other regulatory requirements in respect of them which may be applicable from time to time within the terriotry where they are sold; and (c) the Licensed Products shall not be defective in terms of workmanship, materials or otherwise and shall not be constructed of dangerous materials which are not suitable for any of the Licensed Products in relation to their intended or reasonably anticipated use.

During the term of this Agreement, the Licensee and its related bodies corporate and sub-licensees must not challenge the validity of the Licensed Intellectual Property, or the Licensor's rights therein, nor directly or indirectly assist any person to do so.

The Licensee will use its reasonable endeavours to commercialised the Licensed Intellectual Property and sell the Licensed Products throughout the specified territory for the whole of the Term.

How to use this Document?

 

This document is the Patent / Technology License Agreement whereby the Licensor grants the Licensee a wide range of rights (include right to sub-license) to use the invention / patent works for commercial production.

This is drafted in Neutral Form.

How to Tailor the Document for Your Need?

 

1. Create Document: Click the “Create Document” button and the document will be prepared with your account details automatically filled in.

2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

 

Document Type:

Agreements / contracts

Category:

Business > Intellectual Property / Information Technology > Intellectual Property Agreement

 
Keywords:

patent agreement

,  

license

,  

license agreement

,  

commercial

,  

licensor

,  

licensee

,  

licence

,  

patent licence

,  

intellectual property

,  

IP

,  

patent

,  

invention

,  

sub-licence

,  

technology

,  

licensing

,  

IP agreement

,  

patent agreement

,  
Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.