Sample Licensing Agreement Template
To view standard confidentiality agreements, material transfer agreements or research cooperation agreements, please return to our Model Agreements page. A license agreement always involves two parties. The «licensor» is the owner of the intellectual property, while the «licensee» is the one to whom the license is granted. The model license agreement should contain the following: If you own a patent on a piece of useful technology, if you have a copyright in a popular photo, if you have protected a special image or if you own another invention or creative work that allows you to earn money, you need a license agreement. This agreement allows you to set the terms of everything related to that specific IP and to protect your proprietary rights, including how the licensee may use the IP, who owns the IP, who may sublicense the IP, the price of the license for the IP, and the length of time the licensee may use the IP. Harvard also offers option agreements for companies considering licensing a Harvard technology. An option agreement allows a company to «retain» a technology for a short period of time, during which time the company can continue to assess its potential or raise funds for product development without binding on the obligations of a licensing agreement or Harvard. Options typically have a term of six months to one year and typically require both a pre-fee and a refund of the patent application for the duration of the option. Geographical restrictionsA property has regional applications. You may want to restrict use in your area to prevent competition. Or you want to grant rights to other people in more than one region. This is often the case with franchises.
Some agreements may also include a non-competition clause. This type of agreement allows Harvard researchers who are starting a new company to license non-patentable, copyrighted software they have developed as part of faculty research efforts. In cases where there is patentable content such as unique algorithms, please read the «Basic Exclusive License» model agreement published above. Several different types of intellectual property may be covered under this agreement: you must ensure that the results comply with your standards when someone manufactures or modifies your property. If the work does not comply with your standards and they are not met on time, this often leads to the termination of the contract. You benefit from defining in depth what your expectations are and what happens if they are not respected. In some cases, you may need to terminate the license agreement and find another company to collaborate with. If you are in conflict, it is advisable to speak to a lawyer. 18.1 This Agreement contains the entire agreement between the parties and supersedes all prior agreements, obligations or agreements, whether oral or written.
In addition, this Agreement may not be modified, modified or otherwise modified unless it is a written agreement signed by both parties. There are some things you need to consider when creating a license agreement template. As has already been said, writing the document requires skill and skill so that you can produce a document that is beneficial to everyone involved, especially the owner of the property, whose interests must be protected. Access to innovation at Harvard should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees work with you to help you achieve your business goals. To give you an idea of how these licenses take shape, we are happy to provide you with a number of model agreements here. If you have any questions about these models, please contact us. This type of license agreement is most often associated with the provision of software. If your property isn`t software or an app, you probably won`t have to deal with it.