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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.
Don't assume you can't negotiate. Understand the pricing and use schemes. Get promises in writing. Get measurable promises. Carefully look at the indemnification provisions. Consider the intellectual property investment you intend to make. Look for a range of meaningful remedies. Think about renewal from day one.
A software license agreement typically has broad-form confidentiality provisions that also provide that certain items fall into the bucket of one or the other party (e.g., the software for a licensor, certain data for a licensee, etc.).
Setting up Your Licensing Agreement. Granting the License. Limiting Your Liability. Adding Boilerplate Clauses. Finalizing the Licensing Agreement.
License: Scope. Deliverables. Source Code. Services Furnished. Disclosure/Access. New IP/Developments. Open Source. Acceptance/Warranties.
What is a Licensing Agreement? A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.