PandaTip: Since contract and licensing law varies from jurisdiction to jurisdiction, it is important to define where this contract will be judged in the event of litigation. While Grantor owns and holds the right to grant shares in [Property.Address], Grantee has expressed interest in using the Grantors property for [Time.Period] by paying a portion of Grantees` profits in the form of royalties for the property as well as all agreed lump sums included in this licensing agreement. Whether you`re a designer, writer or business engineer, you want to make sure you get your fair share when someone makes money with your ideas. With a licensing agreement, you can specify how and for how long your property will be used. Of course, royalties are at the heart of the agreement, and you have to decide how to structure them: how much you will be paid and when. If you want to use someone else`s property, talk to them from the right angle. By offering a formal licensing agreement, you show them that you are trustworthy, responsible and professional. This means that you have a much better chance of getting your permission. A licensing agreement helps everyone get what they want. Other names for this document: Licensing agreement, Licensing Agreement When you enter into a licensing agreement, it is always useful to see a typical licensing agreement of a company so that you know what awaits you. If you are designing a licensing agreement for a customer or your own organization, it is also helpful to create an example of licensing agreements that can be used as a start-up guide. PandaTip: The rights provision in this licence model lists the specific rights granted to Grantee for which grantor receives royalties.
This licensing agreement is subject to the jurisdiction of [Grantee.State] and all legal proceedings are as such. In the interest of this license agreement, net profits are considered to be the total gains made by grantee over the life of the agreement by making use of Grantors property after payment of the following taxes: Any communication relating to this license agreement must be delivered either in person, by mail or by authenticated mail to the addresses listed below. : In the event of a violation of this agreement, Grantor undertakes to compensate grantee for any losses, damages or injuries. Grantor heresafter represents that they own the property mentioned and that they have all the rights necessary to enter into this licensing agreement and grant the corresponding licences to Grantee.