Common Contracts
2 similar Patent License Agreement contracts
SAMPLE AGREEMENT ANNOTATIONS Patent License AgreementPatent License Agreement • October 29th, 2017
This Patent License Agreement (“Agreement”) is made as of [_________], 20[__] (the “Effective Date”), by [________] (“Licensor”), a [_____________], and [________] (“Licensee”), a [_____________]. [2] WHEREAS, Licensor owns certain patent rights relating to [____].[3] WHEREAS, Licensee wishes to license such patent rights and has agreed to enter into this Agreement under the terms and condition set forth herein.[4] NOW THEREFORE, in consideration of the foregoing and in further consideration of the covenants and promises set forth herein, the sufficiency of which is hereby acknowledged, and intending to be legally bound [5], the parties agree as follows: 1. Definitions. As used in this Agreement, the capitalized terms have the meanings set forth below. “Annual License Fee” means [________] dollars (US$[______]). [6] “Challenge” has the meaning set forth in Section 3.3. “Control” means the direct or indirect ownership of more than fifty percent (50%) of the shares or similar equity inte
ContractPatent License Agreement • October 29th, 2017
Patent License Agreement [This form may be appropriate for situations where there are many similarly situated licensees and where the licensor either has an obligation to license the patents broadly or where the patent owner has a substantial business interest in licensing the patent broadly to as many parties as possible. Such situations may include by way of example only, standards essential patents where the licensor has an obligation to license the patents on reasonable and non- discriminatory terms and conditions. Use this form when the license is not for all fields of use and/or not all patents owned by licensor are being licensed] [1] Remarks This Patent License Agreement (“Agreement”) is made as of [ ], 20[ ] (the “Effective Date”), by [ ] (“Licensor”), a[ ], and [ ](“Licensee”), a [ ]. [2] WHEREAS, Licensor owns certain patent rights relating to [ ].[3] WHEREAS, Licensee wishes to license such patent rights and has agreed to enter into this Agreement under the terms and condit
