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Licensing Agreements

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License Grant

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Defines the scope, field of use, and duration of the rights granted to the licensee.

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Royalty Payments

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Details payment terms the licensee must make to the licensor, often based on sales.

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Intellectual Property (IP) Ownership

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Clarifies that the licensor retains ownership of the IP.

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Territory

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Defines the geographic area where the licensee can exercise their rights.

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Quality Control

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Obligates the licensee to maintain certain quality standards for the licensed product or service.

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Improvements

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Stipulates which party owns enhancements or modifications to the IP.

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Confidentiality

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Requires that certain information disclosed during the agreement is kept secret.

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Infringement Enforcement

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Defines who has the responsibility and authority to enforce the IP rights against third-party infringement.

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Sublicensing

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Addresses the licensee's ability to grant further licenses to third parties.

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Indemnification

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Obligates one party to compensate the other for certain costs and damages.

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Termination

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Outlines how and when the licensing agreement can be terminated by either party.

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Dispute Resolution

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Specifies how disputes arising from the agreement will be resolved.

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Governing Law

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Identifies which jurisdiction's law will govern the agreement.

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Warranties

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Assurances provided by the licensor regarding the IP and related rights.

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Assignment

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Covers the rights to transfer the agreement or rights under the agreement to another party.

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Amendments

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Details how the agreement can be modified and under what conditions.

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Maintenance of IP Rights

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Outlines the responsibilities to maintain registrations, renewals, and other administrative aspects of the IP.

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Audit Rights

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Gives the licensor the right to inspect the licensee’s records to verify compliance with the agreement.

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Net Sales

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Defines how sales are calculated for the purpose of determining royalty payments.

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Force Majeure

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Frees both parties from liability or obligation when an extraordinary event beyond control of parties occurs.

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