Business licensing Agreement


A business licensing agreement is an official commitment between the business owner and the interested party, who is willing to obtain the license of owner’s business by promising certain covenants & terms. Such a business agreement is widely used nowadays to enhance the business by hiring the brand licences.

Sample Business licensing Agreement:

Agreement No: 567/ BLA

Date: January 29th, 2011

This business license agreement is commenced legally between:

Details of business owner:

Name: Mr. Tim Andresen

Contact number: 5689 375 2728

Hereinafter referred as business owner

AND

Details of the interested partner

Name: Mr. Jim Sutherland

Phone number: 3848 686 5757

Hereinafter referred as license partner

The license partner is willing to obtain the rights of using the permit for the desired business growth, whereas the business owner is agreed to share the rights of his business license.

This agreement is starting from January 30th, 2011 and is ending on January 30th2012.

Term & conditions:

  • The business owner will receive an introductory fee of $ 6789 along with the committed amount of $ 56732 to sell the license rights.
  • The license partner can use this permit officially on the national level, whereas the mentioned amount will be paid on February 3rd, 2011.
  • Any misuse of license or violation can cause the termination of the agreement.

Validation of the agreement:

Signed by the Business Owner                                 Singed by the License Partner

Tim Anderson                                                                Jim Sutherland

Category: Business Agreements

Leave a Reply