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Intellectual Property Licence Agreement | UK
Grant a third party the right to use your patents and technology throughout the UK with this Intellectual Property Licence Agreement.
Scope of Licence
The licence is an exclusive licence to develop, make, use, market, sell, and distribute products developed with the intellectual property, within a specified geographical area.
Key Provisions
- Sublicensing. The licensee has the right to grant sublicences to third parties, provided that such third parties agree to be bound by the terms of the Agreement.
- Royalties. Royalties will be paid quarterly, based on net sales of products within the licensee's territory.
- Taxes. The licensee will deduct all taxes and other amounts required to be paid or withheld from the amount of the royalty prior to payment.
- Maintenance of Patents. The licensor will continue, at its sole cost and expense, to prosecute and maintain the patents.
- Infringement. The licensee has the right, at its expense and with the licensor's consent, to enforce the patents against infringement.
- Confidentiality. Each party is bound by mutual confidentiality provisions to protect their respective proprietary information.
Governing Law
This UK Intellectual Property Licence Agreement is governed by the laws of England and Wales and should only be used within the United Kingdom.
Format
This is a MS Word document template that is fully customisable to meet your exact needs.
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