Patent License Agreement

Patent License Agreement

This Patent License Agreement ("Agreement") is entered into on [Date], by and between:

Licensor: [Full Name / Company Name]
Address: [Licensor’s Address]

and

Licensee: [Full Name / Company Name]
Address: [Licensee’s Address]

Together referred to as the "Parties."

1. Patent Information

The Licensor is the lawful owner of the following patent(s):

• Patent Number: [e.g., US1234567B1]

• Title: [Patent Title]

• Filing Date: [Date]

• Jurisdiction: [e.g., United States, EU, WIPO, etc.]

2. Grant of License

The Licensor hereby grants to the Licensee:
☐ An exclusive license
☐ A non-exclusive license
☐ A sole license

to use, manufacture, sell, distribute, and otherwise commercially exploit the Patent in the following territory: [Specify Territory], for the following field(s) of use: [Specify Field or Industry].

3. Term

This Agreement shall begin on the Effective Date and remain in effect for a period of [X] years or until the expiration of the Patent, whichever occurs first.
☐ Renewable by mutual written agreement.

4. License Fees and Royalties

In exchange for the rights granted, the Licensee agrees to:

• Pay an upfront license fee of $[Amount]

• Pay a royalty of [X]% of gross/net revenue generated from the use of the Patent

• Submit royalty reports on a ☐ monthly ☐ quarterly ☐ annual basis

Late payments may incur interest of [X]% per month.

5. Confidentiality

The Licensee agrees to keep all confidential or proprietary information obtained from the Licensor strictly confidential and not disclose it to any third party without prior written consent.

6. Quality Control and Compliance

The Licensee agrees to use the Patent only in compliance with applicable laws and to maintain quality and ethical standards aligned with the Licensor’s guidelines. The Licensor reserves the right to inspect usage and request modifications if needed.

7. Intellectual Property Ownership

The Patent remains the sole property of the Licensor. This Agreement does not constitute a transfer of ownership, only a license to use the Patent as described.

8. Termination

This Agreement may be terminated by:

• Either Party with [X] days’ written notice

• The Licensor, in case of material breach by the Licensee

• Automatically upon expiration of the Patent or bankruptcy of either Party

Upon termination, the Licensee must cease all use of the Patent and return or destroy any related materials.

9. Indemnification and Liability

The Licensee agrees to indemnify and hold the Licensor harmless from any claims, damages, or liabilities arising out of the Licensee’s use of the Patent.

10. Governing Law

This Agreement shall be governed by and interpreted in accordance with the laws of [State/Country].

11. Entire Agreement

This Agreement constitutes the full and final understanding between the Parties regarding the subject matter and supersedes all prior agreements or representations.

IN WITNESS WHEREOF, the Parties have executed this Patent License Agreement as of the date first written above.

Licensor Signature
Name:
Title:
Date:

Licensee Signature
Name:
Title:
Date: