Royalty Agreement for Software Licensing | Canada

Do you develop software for customers that could be licensed to third parties with similar businesses? Set up a licensing and royalty arrangement with this Royalty Agreement contract for Canadian software developers.

• The agreement is between the developer and a client who has hired the developer to create a software package specifically for its business purposes.
• The parties agree to work together to initiate marketing opportunities to license the software to third parties.
• The developer will pay a royalty to the customer for each software license it grants to an end user.
• Royalties will be calculated and paid annually based on the total amount of end-user license fees paid during the preceding calendar year.
• Both parties will use best efforts to promote and market the software to potential end users.
• The Agreement is governed by Canadian laws and can be used in any province or territory of Canada except Quebec.
• This Royalty Agreement template is available as a downloadable MS Word document which can be easily modified to fit your unique needs.