Exclusive License to Use Patent for Manufacturing Purposes

Do you hold a patent on an invention or process that will be used to manufacture, distribute and sell other products? Grant the manufacturer an exclusive worldwide license to use your patent for manufacturing purposes with this Exclusive Patent License Agreement. The manufacturer (Licensee) is also granted the right to use certain trade marks belonging to the Licensor, in order to carry out its obligations. Other provisions of the License Agreement include:

• Licensee will pay a royalty to Licensor for each product sold within the territory. Royalties will be calculated as a percentage of net price.
• Licensee will vigorously market, promote and distribute the products manufactured.
• All costs of manufacturing, selling and distributing within the territory will be borne by Licensee.
• Pricing of products must be consistent with Licensor's pricing of other similar products.
• Confidentiality provisions.
• Procedure to be followed in the event of infringement claims.

This generic patent license is provided in MS Word format, and can be easily edited to fit your specific circumstances.