THIS LICENSE AGREEMENT is entered into on 31 December 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Licensor)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Licensee)

Whereas

A. The Licensor owns the intellectual property rights and title in the Licensed Property. 

B. The Licensee wishes to obtain a license to use the Licensed Property.

C. The Licensor has agreed to grant a licence to the Licensee to exploit certain rights in the Licensed Property on the terms and conditions set out in this Agreement. 

It Is Agreed as follows:

1. Definitions

1.1 In this Agreement unless the context otherwise requires the following expressions shall have the following meanings:

Commencement Date means the date on which this Agreement shall commence as specified in Schedule 1;

Licensed Products means DESCRIPTION

Purpose means the limited purpose set out in Schedule 1, for which the Licensee is authorised to use the Licensed Property pursuant to this Agreement;

Schedule means Schedule 1 to this Agreement;

Term means the Term of this Agreement as set out in clauses 10; and

Territory means the territory specified in Schedule 1.

2. Interpretation

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