The following IP precedent provides comprehensive and up to date legal information covering:
This LICENCE is made on [insert date]
[insert licensor name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert registered office] (the Licensor); and
[insert licensee name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert registered office] (the Licensee).
(each of the Licensor and the Licensee being a party and together the Licensor and the Licensee are the parties).
The Licensor [is the [registered] proprietor of OR is the applicant to register OR has the right to license and/or sublicense] certain designs.
The Licensee is [insert description of the Licensee’s background/background to licence or relevant transaction].
The Licensor has agreed to grant a licence of these designs to the Licensee and the Licensee has agreed to take a licence of the designs on the terms of this Licence.
The parties agree:
Definitions and interpretation
In this Licence:
means a day other than a Saturday, Sunday or public holiday[, on which clearing banks are open for non-automated commercial business in the [City of London]];
means any and all confidential information (in whatever form) including technical or other information imparted in confidence or disclosed by one party to the other or otherwise obtained by one party relating to the other’s
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