Letter of Intent to License Technology for Development

Don't let others steal your invention. Protect your rights with this Confidentiality Agreement form.

• The Confidentiality Agreement should be signed by any party who is interested in evaluating your invention for the possibility of developing, financing, marketing, manufacturing, producing or distributing it.
• The interested party agrees not to disclose any confidential information provided by the Inventor.
• The interested party agrees to use the confidential information solely to evaluate the opportunity and possibilities for the invention.
• The interested party also agrees not to remove or interfere with any proprietary rights notices placed by the inventor, to store all confidential information in a safe and secure place, and not to develop, manufacture or reverse engineer the invention.
• If the interested party decides not to proceed with manufacturing the invention, it covenants that it will not make, use or sell any invention, product, service or process derived from its testing of the invention or from the inventor's disclosure.
• Buy and download your own copy of the Confidentiality Agreement form. Insist on getting a signed copy first before you submit your invention to anyone for evaluation.

Give a manufacturer the right to use your patent in the manufacture and distribution of products through this Exclusive Patent License Agreement.

This Exclusive Patent License Agreement establishes the terms under which a manufacturer is granted the right to use a patented invention or process. The purpose of the agreement is to enable the manufacturer to manufacture, distribute, and sell products based on the inventor's patent.

Grant of License

The inventor grants the manufacturer an exclusive worldwide license to use the inventor's patent in connection with the manufacture, distribution, and sale of products derived from the patented invention or process.

Trademark Usage

In addition to patent rights, the manufacturer is permitted to use certain trademarks owned by the inventor solely in connection with the marketing and sale of the products covered by this agreement.

Royalty Payments

The manufacturer agrees to pay royalties for each product sold within the designated territory. Royalties are calculated as a percentage of the net price of each product sold.

Marketing and Distribution Obligations

The manufacturer is required to actively market, promote, and distribute the products. All costs associated with manufacturing, selling, and distributing products within the territory are the sole responsibility of the manufacturer.

Product Pricing

Pricing for the products must remain consistent with the pricing of similar products already available in the market.

Confidentiality

The agreement includes confidentiality provisions designed to safeguard proprietary information and prevent unauthorized disclosure.

Infringement Procedures

The template specifies the procedures to be followed in the event that infringement claims arise, ensuring clear guidance for both parties.

General Provisions

This agreement is a generic legal contract template and does not reference the laws of any specific country or jurisdiction. It is available in MS Word format and can be fully edited to suit particular needs.

Negotiate the terms of a formal agreement to set up a strategic partnership to develop new software titles with this Letter of Intent template.

• Key discussion points between the parties include ownership of the final software products; confidentiality; each partner's responsibilities with respect to developing, marketing and advertising of the products; and revenue splitting.
• The letter of intent is not intended to be legally binding upon the parties except to the extent of the discussions between them.
• This is a generic template which is not country specific and can be used anywhere.
• Available in MS Word format and fully editable.

Negotiate the terms of an agreement to purchase software licenses with this Letter of Intent template.

The parties to the transaction under discussion will be (i) the developer who holds the licensing rights to the software and (ii) a party who will purchase licenses for the software, for resale purposes.

Purpose of the Letter of Intent

A letter of intent is a document which clarifies in writing the understanding between the parties to a proposed transaction, prior to formalizing the terms in a legally binding agreement.

Key Points of Negotiation

• No Solicitation. The parties will not solicit or entertain any other offers for the purchase of the licenses unless and until negotiations between them have been terminated.
• Breakup Fee. The purchaser agrees to pay a breakup fee if negotiations are terminated for any reason other than a breach by the developer.
• Confidentiality. Both parties agree to keep all information exchanged between them confidential.
• Good Faith Negotiations. The parties will continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.

How to Get the Document

The Letter of Intent form will automatically download to your device immediately after you pay for it. It is available in MS Word format and is fully editable. This is a generic template that can be used anywhere.