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Stipulates which party owns enhancements or modifications to the IP.

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

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

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

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

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

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

Specifies how disputes arising from the agreement will be resolved.

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

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

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

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

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

Identifies which jurisdiction's law will govern the agreement.

Clarifies that the licensor retains ownership of the IP.

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

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

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

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