Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention
What is this form?
The Agreement between Inventor and Manufacturer Granting License to Manufacture Products from Invention is a legal document that sets forth the terms under which an inventor grants a manufacturer the right to produce and sell products based on the inventor's invention. This agreement clarifies the roles, responsibilities, and compensation for both parties, differentiating it from other licensing agreements by its focus on the production rights related to patented inventions. By formalizing this arrangement, both the inventor and the manufacturer protect their interests and outline the expectations for their partnership.
Form components explained
- Identification of the inventor and the manufacturer, including contact information.
- Description of the product and any patent application details.
- Terms of the license granted, including duration and scope of rights.
- Indemnification provisions to protect the manufacturer from infringement claims.
- Compensation structure, including salary, royalties, and profit-sharing terms.
- Termination clauses outlining conditions under which the agreement can be ended.
Common use cases
This agreement should be used when an inventor wants to allow a manufacturer to produce and sell products based on the inventor's invention. It is particularly applicable when the inventor has filed for a patent and needs to secure a partnership for manufacturing and distribution. This form is essential for preventing disputes regarding rights to the invention and ensuring that both parties understand their obligations and benefits.
Who this form is for
- Inventors seeking to commercialize their invention through a manufacturer.
- Manufacturers interested in acquiring rights to manufacture and sell a product from an inventor.
- Businesses looking to formalize a partnership involving inventive products.
Steps to complete this form
- Identify the parties involved, including the name and address of the inventor and the manufacturer.
- Describe the product and include any applicable patent application dates.
- Define the terms of the license, such as duration and exclusivity.
- Specify the compensation details, including salary, royalties, and profit-sharing percentages.
- Review and sign the agreement to make it legally binding.
Notarization guidance
This form does not typically require notarization unless specified by local law. However, having the signatures notarized can provide an additional layer of legal assurance.
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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.
Common mistakes
- Failing to clearly define the scope of the license.
- Neglecting to specify compensation details clearly.
- Missing signatures or contact information for both parties.
- Forgetting to include important clauses related to termination or indemnification.
Why use this form online
- Convenience of accessing and downloading the form anytime.
- Ability to edit and customize the document to fit specific needs.
- Assurance of using a form drafted by licensed attorneys, increasing legal reliability.
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FAQ
Intellectual property. You should have done a patent search and you should have a provisional patent application or non-provision (Utility or Design) patent filed so your idea has a Patent-Pending status. Functional Prototype. Make a prototype you can use to demonstrate how your invention works. Marketing Materials.
Make a prototype of your invention. Search for manufacturers. Present your prototype and ask for a sample once you find a manufacturer that looks like it could fill your need. Inspect your sample.
A manufacturing agreement is between a manufacturer and a customer for the manufacture of goods or products.These terms, along with all the other provisions in a manufacturing agreement, make understanding the business deal, the products and the goals of the parties extremely important.
The US has spent millions in lost government revenue spurring inventiongiving tax breaks to inventors, supporting lengthy patents, and funneling money into organizations like NASA. But tax breaks might have limited results for innovation. The average patent holder earns $256,000 per year in her mid-40s.
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.
Yes, you can sell an idea to a company without a patent. However, the company needs to enter into a contract such as a nondisclosure agreement (NDA). Otherwise, they can steal your idea.
Locate Manufacturers. Identify potential licensees. Sign a Confidentiality Agreement. Ask potential licensees to sign a confidentiality agreement to protect rights to your intellectual property. Negotiate Patent License. Complete a Patent License Agreement.
A manufacturing license agreement (MLA) is an agreement between an inventor and a manufacturer. The agreement allows a third party to produce and use the inventor's product for payment in royalties or a specific lump sum.
A simple idea. A simple idea is a small improvement or a modification to an existing product. A great pitch. The good news is that you don't have to be a salesperson. Perceived ownership of said idea. Patents are not required to license simple ideas. Inventor-friendly companies. Persistence.
