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Technology License Agreement

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Technology License Agreement 

Technology License Agreement to license the use of technology for manufacturing. ‘Technology’ is a wide term that includes Intellectual Property and knowledge, techniques, systems or methods of organisation.

In this agreement, the licensor grants a license to produce a product using the licensor’s technology.

Under a license agreement, the licensor controls the manner in which the licensee uses the licensor’s patents, know-how and technology. The licensee is given autonomy as to how they do this.

The Licensor is the owner of technology for the production of a certain product.  The agreement includes:

  • Definitions
  • Interpretation
  • License
  • Licensee’s covenants
  • Indemnity
  • Research & Development
  • Right of Inspection by licensor
  • Term
  • Termination
  • Effect of termination
  • License fee.
  • Warranties by licensor
  • Notification of claims
  • Limitation of liability
  • Non merger
  • Essential terms
  • Time of the Essence
  • Assignment
  • Notices
  • Waiver or variation
  • Counterpart
  • Costs
  • Jurisdiction
· SCHEDULE Commencement date
    • Term
    • The Licensed Technology
    • The Purpose
    • The Article
    • Interest rate
    • The Technology
    • Trademarks

9 pages long.

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