License agreements samples

You do not have to waste plenty of time and effort in making these agreements from scratch. Download the one you like most and the one that matches your requirements perfectly, add the information that you want and you are good to go.

Happy Editing! If you have any DMCA issues on this post, please contact us! General FAQs 1. What is a License Agreement? An agreement like this grants permission to the licensee and includes all the stipulations. Why do companies use a License Agreement? Companies use license agreements as it is a key mode of entry for firs wh want to expand their business internationally. What are the advantages of using a License Agreement?

There are many advantages to using a license agreement. A license agreement: Reduces risks for all those involved Makes entry into foreign markets easier Creates self-employment opportunities Offers freedom to develop a unique marketing approach Has lows capital requirements Has the potential for large returns and new business opportunities.

How does a License Agreement work? A license agreement is a business contract between two or more parties. This type of Agreement is used in situations where the creator of intellectual property is okay with someone else using their property but wishes to ultimately retain their rights to the property and be compensated in exchange for giving the license. This is different than an Intellectual Property Release wherein the owner of the property gives away all of their rights to the work and does not receive continued compensation, known as royalty payments, in exchange for giving permission.

By using a Licensing Agreement, the owner of intellectual property is able to make money while also controlling how their property is used and disseminated out in the world.

Further, individuals being granted a license can use other people's intellectual property to grow their own business or make a living while protecting themselves from intellectual property infringement claims by defining the terms of the property's use. This document can be used if an individual wants to use intellectual property that they do not own.

Conversely, this document may be used by someone who would like to grant permission to another person to use their intellectual property. This document allows the Parties to specify the length of use and how the property is utilized.

For example, the Parties can specify the right to use a trademark or the right to sell or distribute intellectual property for a specific period of time. The Parties should describe the work being licensed in as much detail as possible , including information about the quality of the work that will be delivered from the Licensor to the Licensee for the Licensee's use.

For example, the Agreement might provide that digital images being licensed be given to the Licensee in a particular format, size, or dpi. The Parties can then include information about whether the license is exclusive the Licensor will not grant licenses to other third-parties to use the property in the same way or non-exclusive the Licensor may give similar licenses to other third-parties , the geographical area where the Licensee may use the property, and whether the Licensee is allowed to modify the property to create what is known as a derivative work.

Finally, and most importantly, the Parties can arrange how the Licensee will compensate the Licensor in exchange for permission to use the property by paying royalties. Royalty payments can be calculated in a number of ways including a one-time flat fee, a specific dollar amount paid for each unit of an item containing the licensed work sold by the Licensee, or a percentage of total net sales of any items made using the licensed work sold by the Licensee.

The Parties can further specify when royalty payments will be made and what sort of documentation the Licensee will be required to give the Licensor when explaining how the royalty payment amounts were calculated. This License provides the limited right to reproduce, publicly display and distribute the Authored Work only for the agreed upon terms set forth in this Agreement and signed by both Parties.

The Authored Work used for any purpose not directly related to these terms must be with the express written permission of the Licensor and may include the payment of additional fees unless otherwise agreed to in writing. Licensee may use the Authored Work however they see fit, as long as their use is otherwise within the bounds of this Agreement.

This grant of license only applies to following described geographical area:. The Licensee may freely make modifications to the Authored Work without any prior approval from the Licensor. If the Licensee fails to abide by the obligations of this Agreement, including the obligation to make any royalty payments when due, the Licensor shall have the option to cancel this Agreement by providing 30 days' written notice to the Licensee.

The Licensee shall have the option of preventing the termination of this Agreement by taking corrective action that cures the default, if such corrective action is taken prior to the end of the time period stated above and if there are no other defaults during such time period.

The term "Confidential Information" refers to any information or materials that are proprietary to the Licensor, whether or not owned or developed by the Licensor, and which the Licensee may obtain through any direct or indirect contact with the Licensor or the Authored Works.

Regardless of whether specifically identified as confidential or proprietary, Confidential Information" shall include any information provided by the Licensor concerning the business, technology, and information of the Licensor and any third party with which the Licensor deals, including, without limitation, business records and plans, trade secrets, technical data, product ideas, contracts, financial information, pricing structure, discounts, computer programs and listings, source code, object code, copyrights and intellectual property, inventions, sales leads, strategic alliances, partners, and client lists.

The nature of the information and the manner of the disclosure are such that a reasonable person would understand it to be confidential. Any other information that both Parties agree in writing is not confidential. This Agreement shall be binding on any successors of the Parties.

Neither Party shall have the right to assign its interests in this Agreement to any other Party, unless the prior written consent of the other Party is obtained.