Option Agreement to Purchase Patent Rights

Acquire a co-ownership interest in software that is currently in development with this Acquisition Agreement for Co-Ownership Rights.

• The purchaser is investing funds to complete the development of the software, in exchange for receiving a co-ownership interest.
• The purchaser also obtains the patent rights to the software.
• The purchaser grants the developer a worldwide non-exclusive royalty-free license to use the patent rights.
• Each party retains its own rights to any subsequent modifications it makes to the software.
• The purchaser covenants not to compete with the software developer.
• This Acquisition Agreement for Co-Ownership Rights in Software does not include specific references to the laws of any country and can be used in most jurisdictions.
• The form is available as a downloadable MS Word template that can be easily modified to include any additional terms of your business arrangement.

License the manufacturing, marketing and distribution of products in Canada with this Exclusive Licensing Agreement.

• The Agreement is between a party involved in the research and development of a product (the licensor), and a party who wants to acquire the exclusive right to manufacture, market and distribute the product within a defined territory (the licensee).
• The licensee is granted patent rights and the right to utilize the licensor's trade secrets, processes, techniques and other proprietary information in order to perform its obligations under the Agreement.
• The licensee is not an agent of the licensor.
• The licensee will pay a royalty to the licensor, calculated as a straight percentage of gross sales made by licensee and any subsidiary, affiliate or related company of which the licensee holds a majority share interest.
• Available in MS Word format, fully editable.
• This contract is governed by Canadian laws.

Negotiate the terms of licensing certain technology for research and development purposes with this Letter of Intent.

• The licensor will sponsor research to further the development of the technology, and may offer consulting positions to some of the licensee's research and development personnel to further its business interests.
• The licensee will pay an up-front license fee, and a royalty on all sales of products or services covered by the patent rights related to the technology.
• The licensor will diligently pursue and protect all patent rights.
• Closing of the transaction is conditioned upon a number of factors, including the licensee being able to obtain the necessary financing.
• The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties.
• The purpose of the Letter of Intent is to ensure that the licensor and the licensee both have the same understanding of the terms discussed.
• The Letter of Intent to License Technology for Development template can be used in most countries and is fully editable to fit your specific circumstances.

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.