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Document Id : 96
File Type : Microsoft Word
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Canada Royalty Agreement for Intellectual Property
Establish how royalties will be paid for the use of intellectual property transferred in the sale of a business with this Royalty Agreement for Intellectual Property, for Canadian businesses.
- The Agreement is part of the documentation for a purchase and sale of business assets, including intellectual property developed by the seller which will be used by the purchaser in the operation of the business.
- The purchaser agrees to pay the seller an ongoing royalty for a specified number of years, based on the customer base and non-exempted gross earnings of the business.
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