IP and technology license agreement should be used in a situtation where the owner of intellectual property (Licensor) grants another party (Licensee) the right to use such intellectual property. The Licensor may also offer services to the Licensee in relation to the licensed technology. Typically, the Licensee shall pay compensation for the right to use the Licensor’s IP (i.e. royalties or license fees).
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What is included in thearkhives IP and Technology License Agreement bilingual template:
| Main sections | Optional sections |
| Definitions Background and purpose Grant of license Representations and warranties Intellectual property rights Confidentiality Term and termination Effect of termination Infringement by third parties Force majeure Amendments and assignment No waiver and severability Entire agreement & Prevailing language Governing law & Dispute resolution Validity and signing | Royalty Minimum royalty One-time payment License fee One-time license fee No license fee Accounting Services Service fee Indemnification Limitation of liability Data protection and anti-bribery Others |
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With thearkhives, you can create a high-quality legal document online in just a few simple steps:
- Fill in the information online
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All bilingual templates include:
- Integrated drafting guidance – to help you to understand the clauses
- Ready-made options – click and select
- AI-powered translation – you only need to fill in information in your own language
- Integrated E-signing (Only for Mainland China companies and individuals)
