ContractDelaware • December 2nd, 2017
Jurisdiction FiledDecember 2nd, 2017IP License Agreement [1] [1] License of IP for product that was originally supplied to Licensee by Licensor. Licensor sold Licensee manufacturing facilities for Licensee to now manufacture themselves. Licensor wanted to reserve right to reenter at a later date. AGREEMENT dated January , 2017, and effective as of that date [2] by and between ABC, Inc., a corporation of Delaware, having an office at (hereinafter called “LICENSOR”) and XYZ Corporation (hereinafter called “LICENSEE”), a company organized and existing under the laws of Delaware, having offices at (hereinafter “IP License Agreement”). [2] Add “Effective Date” label. Effective Date is used later in agreement and it would be more clear if this were a defined term to remove ambiguity as to whether it is this date or the date it is signed by both parties. Recitals 1. LICENSOR and LICENSEE have entered into an Asset Purchase Agreement and a Transition Services Agreement for the sale and support of a 600 VA and a 1500 VA unterru