About this patent licence
The essence of this patent licence agreement is that it is a licence by an inventor to a person or company who will market your patent for others to exploit in a given territory. The agreement can also be used for any other copyright work where you rely on sub-licences agreed and set up by someone else.
You invent the gizmo. Your licensee sells it on by sub-licence to manufacturers. Your gizmo is likely to be something which cannot be used alone, but must be incorporated into another product. Examples: a switch mechanism; a ski binding; a diamond cutting blade; a tranquiliser dart.
Use for any industry or purpose; home or abroad; for a period of time, or more likely, for ever; cash payment or royalty, or both.
You can use this agreement for a one-off deal or for multiple agreements, each for a different territory.
All Net Lawman documents are written to protect primarily the document buyer. However, we do not invite problems for you by ignoring the likely requirements of your counter-party. There are many provisions in this document which satisfy the concerns of a fair minded Licensee.
Key features
- You control the terms of the sub-licenses
- Very full royalty payment control
- Easy to edit (as always with Net Lawman documents)
- Thorough coverage of legal areas
- Practical, alternative business provisions
- No requirement for you to be your own lawyer
Contents of this patent licence agreement
Here is a list of the major subjects covered in this agreement.
- Definitions, interpretation and legal matters
- Selected warranties and understandings by both sides
- The licence deal
- Terms of sub-licences
- Further protection of rights of creator
- Infringement of copyright
- Confidentiality
- Other matters relating to enforcement and other legal issues
This document was written by an attorney for Net Lawman. It complies with current South African law.
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