All formsLicensor and Licensee: Full legal names of both parties
Licensed IP: Describe the intellectual property being licensed
Grant of License: Define the scope — exclusive vs. non-exclusive, territory, field of use
Royalties: Set the royalty rate (percentage of revenue, per-unit fee, or flat fee) and payment schedule
Term: Specify the license duration and renewal options
Quality Control: For trademarks, the licensor must maintain quality control (naked licenses are invalid)
Sublicensing: State whether the licensee can sublicense to others
Termination: Define events that allow either party to terminate (breach, bankruptcy, change of control)
Intellectual Propertydocx
Intellectual Property License Agreement
Agreement granting permission to use intellectual property (trademark, patent, copyright, or software) without transferring ownership.
Instructions
Instructions
Note: Trademark licenses require the licensor to maintain quality control over the goods/services. Failure to do so can result in abandonment of the trademark.