TECHNOLOGY LICENSE AGREEMENT

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What is included

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.

Includes GST

 

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TECHNOLOGY LICENSE AGREEMENT
What is a Technology License Agreement

A Technology License Agreement is a legal contract between a licensor (the owner of the technology) and a licensee (the party seeking to use the technology) that grants the licensee the right to use, produce, and sometimes modify the licensor’s technology under specified terms and conditions. This type of agreement is commonly used to protect intellectual property rights while allowing the licensee to leverage the technology for commercial or personal purposes.

Key Elements

Key Elements of a Technology License Agreement

  1. Parties Involved:
  2. Grant of License:
  3. Usage Rights:
  4. Intellectual Property Rights:
  5. Payment Terms:
  6. Performance Obligations:
  7. Confidentiality:
  8. Warranties and Liabilities:
  9. Termination:
  10. Dispute Resolution:
  11. Governing Law:

  12. Signatures:

     

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