ContractAgreement Remarks • December 2nd, 2017 • Washington
Contract Type FiledDecember 2nd, 2017 JurisdictionAgreement Remarks This Distribution and Licensing Agreement (the “Agreement”) is made and entered this st day of , 2016 (the “Effective Date”) by and between ., a corporation to be organized and exist under the laws of _ (“Licensor”) and ., a corporation (“Company” and collectively with Licensor, the “Parties” and each, a “Party”). [1] [1] The framework of the license and distribution is critical as well as the State under which the individual companies were formed. This must be kept in mind throughout the various provisions of the agreement.Specifying the identities of the involved parties ensures that all parties know Licensor and Company (Licensee). This allows for the parties to verify who owns the claimed invention (licensor) and who intends to commercialize the claimed invention (licensee). An alternative to the term “Company” could be “Licensee.” W I T N E S S E T H: WHEREAS, Licensor is engaged, inter alia, in the development, licensing, and distribution of certain Products, as