Patent licence—pro-licensor
Patent licence—pro-licensor

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

  • Patent licence—pro-licensor
  • Parties
  • Background
  • Schedule 1Licensed Patents
  • Schedule 2Licensed Know-How
  • Schedule 3Development Plan
  • Schedule 4Minimum Royalties

Produced in partnership with Chris Shelley of Penningtons Manches LLP

This Agreement is dated [insert date]

Parties

  1. 1

  2. [insert name] [of OR a company incorporated in [insert jurisdiction, eg England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Licensor); and

  1. 2

  2. [insert name] [of OR a company incorporated in [insert jurisdiction, eg England and Wales] under number [insert registered number] whose registered office 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 is the [owner of OR applicant for] the Licensed Patents and possesses the Licensed Know-How.

  2. (B)

    The Licensor wishes to grant a licence to the Licensee to exploit the Licensed Patents and the Licensed Know-How and the Licensee wishes to accept that licence subject to and in accordance with the terms of this Agreement.

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      Definitions

    2. In this Agreement:

      Affiliate

      1. means any entity that directly or indirectly Controls, is Controlled by, or is under common