Exhibit 10.11 PRODUCT ROYALTY AGREEMENT PRODUCT ROYALTY AGREEMENT, dated as of March 20, 2002, by and between HEXAL AG, a German company ("Hexal") and EON LABS, INC., a Delaware corporation ("Eon"). W I T N E S S E T H : WHEREAS, Hexal is engaged in...Product Royalty Agreement • April 5th, 2002 • Eon Labs Inc • Pharmaceutical preparations
Aptare licensing guideProduct Royalty Agreement • May 6th, 2021
missing pieces image by robert mobley from Fotolia.com By: Michelle McGee-Jones Updated September 26, 2017 A product royalty agreement, also known as a licensing agreement, is a written document typically arranged between an inventor and a manufacturer. According to Entrepreneur.com, it gives the manufacturer the right to produce, market and distribute a product for a set period while paying the inventor a royalty. The contract spells out the terms of the arrangement. Naming the inventor as licensor and the manufacturer as licensee, it includes such items as a brief description of the invention, its patent number, the territory that the project may be sold in, the period that the agreement remains active, the percentage of royalties and the payment schedule. An intellectual property attorney can draft your contract. Also useful are books that contain fill-in-the-blank licensing agreements. (See Resources). But to avoid later disputes when using an agreement template, it's advisable to
RECITALS --------Product Royalty Agreement • May 15th, 2001 • Bei Medical Systems Co Inc /De/ • Electromedical & electrotherapeutic apparatus
