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Licensing is when you give permission for someone to use all or some of your intellectual property (IP) rights under certain conditions. Under an IP Licence Agreement, you maintain control and ownership of the IP and can provide others with access to your IP for a certain timeframe, location or purpose. Suitable for use by the licensor or the licensee. Download now and complete instantly.
When you want to give someone permission to use all or some of your intellectual property rights under certain conditions
An IP Licence Agreement covers essential key terms including:
To be valid, a licence agreement requires consideration (e.g., money or other value) to be passed between the licensor and the licensee. If there is no consideration being passed, then this document is not for you. You will need a Deed and should seek legal advice.
Be aware that this is a licence agreement and not an assignment agreement. A Licence agreement is a permission to use IP. It is used when you permit someone to use all or some of your IP rights under certain conditions. You maintain control and ownership of the IP and can provide others with access to your IP for a certain timeframe, location or purpose. An Assignment is a complete transfer of ownership, rights, and control of your IP to someone else.
Cherrypicka is not a law firm and we do not provide legal advice. No client / solicitor relationship is formed between you and us when you purchase and use our templates. Our templates are general in nature. They may not cover every situation or law that applies to you or your specific circumstances. If you have any questions, concerns or are unsure whether the template is right for you or your business, you must see a qualified lawyer before using our templates. Our templates are not intended to be a substitute for legal advice. Our templates are based on laws current at the time of purchase and are based on Australian law. They are not suitable for use outside of Australia.
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PressDen
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