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Document Description
Patent / Technology License Agreement whereby the Licensor grants the Licensee a limited range of rights (no right to sub-license) to use the invention/patent works for specific purposes. This is drafted in favour of the Licensee.
The Licensor has the rights to certain intellectual property relating to [INVENTION] (the Technology).
The Licensee wishes to obtain a licence to use that technology for the purpose of [PURPOSE].
The Licensor agrees to grant to the Licensee, and the Licensee agrees to accept, a licence to use the Licensed IP on the terms and conditions of this Agreement.
The Licensor grants to the Licensee a non-exclusive, non-transferable licence to use the Licensed IP solely for the purpose of [PURPOSE] at the Location during the Term. The Licensee may not sublicense the licence granted by clause 3.1 without prior written consent.
How to use this Document?
Patent / Technology License Agreement whereby the Licensor grants the Licensee a limited range of rights (no right to sub-license) to use the invention/patent works for specific purposes. This is drafted in favour of the Licensee.
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