Ip license agreements

Intellectual property licensing agreements materialize from the need of one party the licensee to use the IP of another party the licensor. In exchange for the IP, the licensee will pay the licensor a fee or a royalty.

The parties involved in the agreement will usually be able to negotiate the conditions and terms of use. The licensor may be allowed to monitor the actions of the licensee while they use their IP. Monitoring a client's actions may help to continually build the overall knowledge of the IP. Generally, in these types of agreements, more than one type of IP is transferred between parties. Therefore, one single contract may contain the transfer of many different rights of use.

Licensing agreements may also be used during mergers and acquisitions, or during the negotiation of a joint venture. Intellectual property rights usually originate with the owner or creator of the technology.

Most of the time, the owner will keep the rights of the IP as a competitive advantage against their competitors. Occasionally, the owner or creator will want to sell a part or all of the IP outright, but they may have put themselves in a peculiar situation. For example, if the owner or creator is part of a non-practicing entity NPE , a term that is made up of:. Licensing of trademark : under the Trademarks Act, , the licensing needs to be in writing. Only those license agreement registered with the Registrar will have protection under this Act.

Licensing of patents: under the Patents Act, , the licensing agreement has to be in writing and registered with the Controller of Patents.

Licensing of design: under the Designs Act, , the licensing agreement shall be writing and registered with the controller within 6 months from its execution.

A License Agreement is a contract and general principles of the Indian Contract Act, will be applicable. At the end, you receive it in Word and PDF formats. You can modify it and reuse it. Back to top. Home Documents. Intellectual Property and New Technologies. Intellectual Property License Agreement. Last revision Formats Word and PDF. Size 11 to 16 pages. How does it work? Choose this template Start by clicking on "Fill out the template".

Complete the document Answer a few questions and your document is created automatically. Save - Print Your document is ready! Intellectual Property License Agreement An Intellectual Property Licensing Agreement is a legal document under which the intellectual property "IP" rights owner, known as "Licensor" authorizes another person or entity to use such rights, know as "Licensee" , in exchange for an agreed payment, known as a "Royalty". The Licensor will be barred from using it and giving the license to any third parties during the license period.

Such rights cannot be transferred to any third parties and the Licensor will be barred from issuing any new license during the term of the Agreement with the Licensee. Non-Exclusive License: This is the commonly used method of licensing. Under this, Licensee will be allowed to use its rights and Licensor will be free to issue new licenses to any third parties.

How to use this document This Agreement can be used for any types of Intellectual Property Licenses including patents, copyright, trademark, and designs. This Agreement covers major provisions of Licensing Agreement including the following: Parties: The type and details of the parties i. Licensor and Licensee are included under this Agreement.

The Parties can be an individual, company, partnership, LLP and so on.