IP evaluation and option agreement—pro-licensor
IP evaluation and option agreement—pro-licensor

The following IP guidance note provides comprehensive and up to date legal information covering:

  • IP evaluation and option agreement—pro-licensor
  • Parties
  • BACKGROUND
  • Schedule 1Technology [Patents] [Registered Designs] [Know-how]
  • Schedule 2 [Key Licence Terms] [Form of Licence]

Produced in partnership with Simon Portman of Marks & Clerk Solicitors

This Agreement is made on [insert date]

Parties

  1. 1

    [insert licensor name] [of OR a [company OR partnership OR limited liability partnership OR [incorporated OR constituted OR in [insert jurisdiction, eg England and Wales] whose registered number is [insert company or LLP number] and whose [registered office OR principal place of business OR is at OR [insert address] (Licensor); and

  1. 2

    [insert licensee name] of OR a company OR partnership OR limited liability partnership] incorporated OR constituted] in [insert jurisdiction, eg England and Wales] whose registered number is [insert company or LLP number] and whose registered office OR principal place of business] is at] [insert address] (Licensee)

(each of the Licensor and the Licensee being a party and together the Licensor and the Licensee are the parties).

BACKGROUND

  1. (A)

    The Licensor owns the Technology IP.

  2. (B)

    The Licensee has agreed to evaluate the Technology IP so that it can decide whether to take a licence of it according to the terms below.

The parties agree:

    1. 1

      Definitions and interpretation