Intellectual Property License Agreement Template

This intellectual property license agreement template has 4 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our intellectual property license agreement template:

INTELLECTUAL PROPERTY LICENSE AGREEMENT This Intellectual Property License Agreement ("Agreement") is entered into effect as of [DATE], BETWEEN: [LICENSOR'S NAME], ("Licensor"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [LICENSEE'S NAME], ("Licensee") an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PURPOSE OF THE AGREEMENT The Licensor, the owner of certain intellectual property rights, agrees to grant the Licensee a license to use, and, if applicable, modify, the intellectual property as described herein. DEFINITIONS 2.1 Intellectual Property: The intellectual property licensed under this Agreement, including but not limited to patents, copyrights, trademarks, trade secrets, and any related rights. GRANT OF LICENSE 3.1 The Licensor grants the Licensee a [Non-Exclusive/Exclusive] license to use the intellectual property, as described in Exhibit A attached hereto. 3.2 The Licensee is permitted to use the intellectual property for the purpose outlined in Exhibit A, and for the duration of this Agreement. LICENSE FEE 4.1 In consideration for the license granted herein, the Licensee shall pay the Licensor a license fee as specified in Exhibit A. 4