Technology License Agreements

 

Technology Licence Agreements
Technology Licence Agreements

Technology License Agreements – In a technology license agreement, the licensor grants a license to produce a product using the licensor’s technology.Agreements 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. .

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.

Technology License Agreement

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 1

  • Commencement date
  • Term
  • The Licensed Technology
  • The Purpose
  • The Article
  • Interest rate
  • The Technology
  • Trademarks

. 9 pages long.

 
 
 

Technology Sublicense Agreement

Agreement  licenses the use of manufacturing technology. Includes clauses covering;

  • Definitions
  • License Grant
  • Option to Add Markets to The Territory
  • Payments by The Licensee
  • Reporting and Audit Rights
  • Term and Termination
  • Provision of Technology
  • Patent Maintenance
  • Intellectual Property Rights
  • Infringement by Others
  • Confidential Information
  • Assignment
  • Governing Law
  • Representations and Warranties
  • Safety
  • Indemnification
  • Force Majeure
  • Notice
  • Waiver
  • Severability
  • Complete Agreement
  • SCHEDULE
    • Effective Date
    • The Licensed Technology
    • The Licensed Territories
    • The Identified Territories
    • Patents
    • Diligence & documentation fee
    • License fee

. 19 pages long.