Sample Product Licensing Agreement

Sample Product Licensing Agreement

If you have an idea or product that you think others want to exploit or copy, it`s worth consulting a lawyer. In addition to the help of a lawyer who helps you apply for your license, you also need to protect yourself with one, to ensure that your license agreement is fair and meets your needs. You can see things you forgot to include, or discover areas that may not need protection. In addition, the company you want to work with may have a lawyer or legal team, so you can have one. In 2015, Apple Inc. and telecommunications equipment maker Ericsson agreed to a comprehensive licensing agreement that ended a year-long patent litigation between the companies. Your licensing agreement may contain only one or one combination of these payment methods. You need to make sure the results meet your standards when someone manufactures or changes your property. If the work does not meet your standards and they are not met in time, this often leads to the termination of the contract.

You get a thorough definition of what your expectations are and what happens if they don`t meet. In some cases, you may need to terminate the license agreement and find another company you can work with. If you are in conflict, it is advisable to speak to a lawyer. A product licensing agreement is a key document you need to protect your business interests. Licensed products are attributes for which individuals exchange money, not free promotional items. In essence, your service or product must find a specific demographic identification that pays for your service or product. In addition, you need to obtain a license based on the preferences and lifestyles of your target audience. In a typical licensing agreement, the licensee undertakes to make intellectual property rights such as technology, brand name or licensee know-how available to the licensee. In exchange for the intellectual property of the licensee, the purchaser usually plays the donor a pre-feeding and/or a licence fee. A licence fee is an ongoing fee paid for the licensee`s right to use intellectual property. Is arbitration used to settle disputes? If there is a conflict, how are they treated? In many cases, the parties opt for arbitration.

I hope that everything is fine and that you are able to work on small differences, but you should have a plan in case things do not go well. While creating the document with our template is simple, there are some things to think about while you are writing the contract. You want to be able to create a beneficial agreement for all, and if you are the owner of the property, you should make sure that your interests are protected. Also keep in mind that this is a discussion paper that can change several times during negotiations. Prepare the property first. If you are selling or buying a license for a product, make sure that ownership of that product is clearly stated in the agreement. Also, make sure that no one else uses the asset (z.B. a trademark) and that the trademark is registered or subject to copyright registration.

You don`t want to enter into a licensing agreement and find out that someone else is questioning the property. Explain the monitoring and quality assurance process. There must be a first sample of the product that must be approved before the products can be created. Regular product quality checks should be carried out. Monitoring of product sales should be clearly defined. Who determines the price of the product? Can products be updated? Notice of proposed third-party products – In the case of an exclusive license granted in all or in many areas, the licensee may first focus on a limited number of products or uses for the technology granted. In order to support Harvard`s mission to promote the common good by commercializing harvard technology as widely as possible, Harvard may include provisions to promote the common good,