Sample license agreement is made between a person who owns patent right of a product and another person/company who want to take license to use that product. The agreement lays down the conditions of using the license and other related issues.
Sample License Agreement
This agreement is made between the Product Owner and the User Company on 25th July 2011 and it will be effective from 10th August 2011.
The duration for agreement for using the license for the product “Game Star Software” would be 24 months.
The agreement makes the user eligible to use the product brand name and can distribute it in northern territory with the company title along with his own logo to promote his distribution and marketing agency.
Details of Product Owner
Name: Jerome Cartier
Contact Number: 49823046751
Business Details: person owns a computer games development company.
Details of License User
Name: Edward Atkins
Contact Number: 4325876109
Business Details: Person runs a marketing firm for computer applications.
Terms and Conditions of the agreement
The license will not be used for any other gaming software or application of company. The user cannot make any such claim anywhere that he owns or has created the game.
The user will pay a sum of $ 700 each year as license fee. Before initiating the agreement and license, user need to deposit 1/4th amount in advance.
This license is for northern territory only, therefore, it will not be used in any other regions with out permission of company.