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The EULA protects the ownership of your software or app, specifying that the end-users only obtain a license to use your product, not any ownership rights. It also provides disclaimers and limits your liability to any injury or damage that may occur when the consumer uses your product.
How do you create a license agreement? Begin your license agreement by defining who all parties are. From there, add information about license grants, charges, licensee's obligations, intellectual property rights, limitation of liability, confidentiality, governing law, waivers, etc.
Optimally, a trademark license should also explicitly state (1) whether the license is exclusive or non-exclusive, (2) the duration of the license, (3) whether the license may be renewed and under what conditions, (4) the amount of any royalty payments or other compensation due to the licensor and when those payments ...
License Consideration means collectively all of the money or other items of value (excluding research grants) payable by a Licensee (or its sublicensees, successors and assigns) under a License or Option Agreement for rights to use the Joint Invention, which payments are payable to the Parties pursuant to the License ...
In consideration for the grant of the License by the Licensor to the Licensee pursuant to Section 1 of this Agreement, the Licensee hereby agrees to pay to the Licensor one dollar and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Licensor.