Intellectual Property Licence Agreement
- Pages 9
- Format Microsoft Word
Intellectual Property Licence Agreement Template
What does this agreement do?
This Intellectual Property Licence Agreement template will set out the terms upon which you will licence your Intellectual Property, and whether it will be licensed on an exclusive or nonexclusive basis. The template itself is legally binding once signed by both parties, and has been developed by our expert lawyers, who have years of experience drafting agreements just like this.
Why do I need this?
As the owner of Intellectual Property you have the right to licence your intellectual property whether that be software, a trademark or a patent to third parties for a fee. An Intellectual Property Licence Agreement will determine if it isto be perpetual or limited to a particular term, revocable or irrevocable, assignable or non-assignable. It will also determine what jurisdiction the third party can exploit the intellectual property and for what purpose can the intellectual property be used. With this document you can tailor the terms to suit your requirements.
What’s the main benefit?
Intellectual Property Licence Agreements allow you to earn a royalty/licence fee from your Intellectual Property, allowing you to experience significant financial benefit when someone uses this. Without this legal document, you could lose out on potential profit. If you need further specialist advice after downloading your Intellectual Property License agreement, then you can book an appointment with our experienced lawyers, who will be able to give valuable legal advice based on your specific situation.
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