License Agreement

License Agreement

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This License Agreement is made on _____20____ between ______, herein referred to as the “Licensor”, whose address is ________, (street, city, state, country, postal code) and _______, herein referred to as the “Licensee”, whose address is____________ (street, city, state, country, postal code). Both parties have discussed all details in the agreement and have decided to enter into this contract with mutual consent, the particulars of which are as follows: 1.    LICENSED MATERIAL – COPYRIGHT AND TRADEMARK USE
The Licensee having completed all formalities in accordance with this
License Agreement will have non-exclusive rights to use the Licensed Material which is ____________. All License Agreements by and large require the Licensee and the authorized users if any to comply with the terms and conditions set forth in the agreement. The copyright, title and trademark of the Licensed Material will remain with the Licensor. _______ (Licenser Name) will have the right to specify every now and then how his/her trademark should be used. 2.    LICENSE PERIOD – TERM & TERMINATION
This License Agreement shall be valid for _____ years, beginning from __________ (D/M/Y). The License shall terminate on _______ (D/M/Y). Both parties may terminate this agreement with a prior notice of ______days before the decided termination date. However, the Licensor holds the right to abruptly terminate the contract before the termination period if the Licensee, after signing the contract refuses to comply with any of the terms and condition set forth in the License Agreement. Upon termination of this contract, as is common with all License Agreements, all rights granted in this License Agreement will be non-existent. 3.     RENEWAL
All License Agreements are renewable upon termination of the contract unless either party gives a written notice regarding non-renewal of the License. 4.     FEES
The Licensee shall pay a total amount of $________ to the Licensor for the use of the Licensed material. Partial amount of $______ will be paid by the Licensee to the Licensor on ________ (D/M/Y). Once the Licensor hands over all the documents, materials and details required to start the business on ________, the Licensee will pay the remaining amount of $______ on the same day. 5.    AUTHORIZED USER CONDITIONS
The Licensee must educate the authorized users regarding the terms, conditions, limitations and proper usage of the licensed material. 6.     WARRANTY ASSURANCE
The Licensor as in all License Agreements assures to the Licensee that any use of the Licensed Material by the Licensor and the Authorized Users will not harm any third party nor will it violate the copyright laws of the state of _______. 7.    LOSSES AND DAMAGES
Either party will not hold the other responsible for any loss, damage or injuries that has been sustained by any third party. 8.    DELAY IN ACQUIRING LICENSE
The Licensee shall not hold the Licensor responsible in any way for the default or delay in acquiring the License if the default/delay is due to any external factors – Government orders, or natural conditions that might interfere with acquiring License. 9.    AMENDMENT/WAIVER
No amendment or waiver of any fees listed in the agreement is possible unless agreed by the Licensor in writing. 10.    ADDITIONAL LICENSES
Any additional License relating to the agreed upon Licensed Material OR the Licensee’s service area can be issued from time to time by the Licensor. However, this will be agreed upon in writing by the Licensor. This agreement as all other License Agreements has been agreed upon by both the Licensor and the Licensee. IN WITNESS WHEREOF, both parties have appointed their respective authorized representatives to execute the agreement on _________ (D/M/Y). XYZ CORPORATION        ABC CORPORATION
------------------------        ----------------------------------
By:  Name:            By: Name:
Designation:         Designation:
Address            Address:
Phone Number:        Phone Number:
WITNESS:
1.    Name:
Occupation:
Address:
Signature:
2.    Name:
Occupation:
Address:
Signature:

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