Get A Checklist For Negotiating License Agreements - Iphandbook Of ... - Iphandbook

This guide offers users a clear framework to accurately fill out the Checklist for Negotiating License Agreements found in the IpHandbook. It caters to both experienced licensing professionals and those with limited legal background, ensuring ease of understanding.

Follow the steps to effectively complete the checklist.

1. Click the ‘Get Form’ button to access the checklist and open it in the form editor.
2. Begin with Section 1 – The parties. Enter the names, addresses, and contact details for both the licensor and licensee. Ensure all legal names and contact information is accurate to prevent delays during the finalization of the agreement.
3. Proceed to Section 2.1 – Whereas clauses. Fill in the specific intellectual property owned/controlled by each party and the intent of licensing by the licensee.
4. In Section 2.3, add definitions for key terms that will be used throughout the agreement, including parties, products, and any intellectual property involved. This enhances clarity and avoids misinterpretation.
5. Continue with Section 2.4 – The grant sections. Define the rights granted, restrictions, and any sublicenses. Ensure to specify exclusive or nonexclusive rights and any territories involved.
6. Fill out Section 2.6 – Consideration. Clearly outline the royalties, currency, and any milestone payments relevant to the license.
7. In Section 2.8, complete the representations/warranties aspect by stating the validity of the intellectual property and each party's authority to enter the license.
8. Discuss any potential infringement issues in Section 2.9. Clarify how past and future infringements will be handled and outline the responsibilities of both parties.
9. Fill out Sections 2.10 to 2.15, which cover diligence, confidentiality, arbitration, and termination processes. Here, you will specify the obligations of each party under the agreement.
10. Complete the final sections, detailing notices, modifications, and schedules in Sections 2.21 to 2.22.
11. Once all sections are filled, review the entire checklist for accuracy. Save your changes, and if needed, download, print, or share the completed document.

Complete your licensing agreements efficiently by filling out the checklist online today.