If you are buying or selling a business in Canada that will continue to use intellectual property developed by the seller, set out the provisions to govern royalty payments from the buyer to the seller in this Royalty Agreement.

Under this Agreement, the purchaser agrees to pay the vendor an ongoing royalty for a specified number of years, based on the customer base and non-exempted gross earnings of the business.

This Canadian Royalty Agreement template is provided in MS Word format and is fully editable to meet your needs.