International Licensing Agreement
What is this form?
The International Licensing Agreement is a legal document that outlines the arrangement between a licensor and a licensee for the use of patents and proprietary know-how across international borders. It specifies the rights granted for the manufacture and sale of products in a defined territory, distinguishing it from other licensing agreements by its emphasis on international considerations and compliance with various jurisdictions.
Key parts of this document
- Identification of parties: Details about the Licensor and Licensee, including their legal names, addresses, and jurisdictions of incorporation.
- Grant of rights: Specific rights granted to the licensee concerning the use of patents and know-how.
- Warranties by licensor: Assurances made by the licensor regarding the ownership and validity of the patents.
- Royalties structure: Details about payment terms, including initial payments and periodic royalties.
- Confidentiality clause: Provisions regarding the treatment of sensitive information exchanged between parties.
- Termination conditions: Specific conditions under which the agreement can be terminated by either party.
When to use this document
This International Licensing Agreement should be used when businesses seek to expand their operations by granting another party rights to manufacture and sell products using their patented technology or know-how in a foreign territory. It is particularly useful for companies looking to enter new markets while protecting their intellectual property rights.
Who should use this form
- Businesses seeking to license their patents or proprietary technology to foreign entities.
- Licensees who want to enter a market with exclusive or nonexclusive rights to produce and sell specific products.
- Legal professionals drafting agreements for clients involved in international business ventures.
Instructions for completing this form
- Identify the parties: Fill in the names and addresses of both the Licensor and Licensee.
- Specify the product and territory: Clearly define the product being licensed and the geographical area where rights apply.
- Detail financial arrangements: Outline initial payments, royalty rates, and any additional payments due to the licensor.
- Include confidentiality measures: Record any specific clauses related to the protection of proprietary information.
- Define the term of the agreement: State the duration of the licensing arrangement and conditions for termination.
Is notarization required?
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the territory limits for the licensing rights.
- Omitting crucial financial details such as payment schedules and amounts.
- Not including comprehensive confidentiality clauses to protect vital business information.
- Leaving out necessary signatures or misidentifying the parties involved.
Benefits of using this form online
- Convenience of immediate access and download without the need for physical meetings.
- Editability to customize the agreement to suit specific business needs and legal requirements.
- Reliability with forms drafted by licensed attorneys to ensure legal adequacy.
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FAQ
Essentially, the international licensing agreement is a contract which transfers to a foreign enterprise technology and rights in the form of patents, trademarks, know-how, and trade secrets. Until recent years, these agreements generally provided for the licensing of patent rights to a technical innovation or product.
In a typical licensing agreement, the licensor agrees to provide the licensee with intellectual property rights such as the licensor's technology, brand name, or product creation know-how.
Exclusive or non-exclusive. In an exclusive license, the intellectual property holder is licensing the work only to one person, for that particular use/territory. Territory. Use. Attribution. Derivative works. Confidentiality. Time frame. Termination.
A license agreement is a business contract between two parties. The licensor (the seller of the license) owns the asset being licensed and the licensee (the buyer) pays for the right to use the license. The licensee pays royalties to the owner in exchange for the right to sell the product or use the technology.
Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
The 3 P's of collegiate licensing are protection, promotion, and profit.
