SAMPLE AGREEMENT ANNOTATIONS Sample Agreement for Non-Exclusive, World-Wide Patent License -For Educational Purposes only-Patent License Agreement • October 26th, 2017
Contract Type FiledOctober 26th, 2017This License Agreement, [1] effective as of the ____ day of ____________, 201_ (the "Effective Date"), is between ("Company"), a ____________, with a principal place of business at _____________________________________, and ___________________________ ("Licensee"), a _____________, with a principal place of business at ___________________________. Company and Licensee may each hereafter referred to individually as a "Party" and together as the "Parties." R E C I T A L S WHEREAS, Company is the owner of certain Patent Rights (as later defined herein) and has the right to grant licenses under said Patent Rights; and WHEREAS, Licensee desires to obtain a license under the Patent Rights and Company is willing to grant such license under the terms and conditions hereinafter set forth. NOW, THEREFORE, for and in consideration of the mutual covenants contained herein, the Parties agree as follows: 1. Definitions "Affiliate" shall mean, with respect to a Party, an entity that d