Business License Agreement


A business license agreement is an agreement which is made when a party grants license to run business to another party in return for a certain amount of money. This kind of an agreement has got legally binding terms and conditions which must be abided by the involved parties.

Sample business license agreement:

Effective date of agreement: 20th June 2011

Period of agreement: 12 months

Termination date of agreement: 20th July 2012

This agreement has been made between Mr. James Mathew of Mathew Solutions who is hereby referred to as the licensor and Mr. Fred Nicholson who is hereby referred to as the licensee.

Details of the parties:

Licensor:

Address: M-90, first floor, Ark square building, New Jersey

Contact number: 498345805404

Licensee:

Address: B-345, Madison square, New York

Contact number: 439805840542

The licensee owns a computer software business by the name of Nick Inc. In New York

Total cost of license: $300000

The licensor grants license to licensee for the running and operating of Mathew Solutions for a period of 12 months.

Recitals and conditions:

  • The entire payment must be paid in 3 parts, one at the beginning of agreement, one at the end of 4 months of duration and the last equal part at the end of agreement.
  • The licensor is the sole owner of the business and is only granting licensee for the running of business for 12 months.
  • The licensee cannot use his name or the name of his company for any deals or associations of the business.

Signatures of the parties:

James Mathew

Fred Nicholson

Category: License Agreements

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