Company grants a licence to use patented technology to manufacture goods and sell in a specific territory in exchange for royalties. Clauses cover:
- Definitions
- License Grant
- Option to Add Markets to Licensed Territory
- Payments
- Reporting and Audit Rights
- Term and Termination
- Provision of Technology
- Patent Maintenance
- Intellectual Property Rights
- Infringement by Others
- Confidential Information
- Assignment
- Governing Law
- Representations and Warranties
- Safety
- Indemnification
- Force Majeure
- Notice
- Waiver
- Severability
- Complete Agreement
Fully formatted in Microsoft word, ready to download edit and use. 20 pages long.