What Is A License Agreement Term Sheet


The licensee is one: Person Company. If so, under what national laws is the licensee registered? Confidence. If so, under what national laws is the licensee registered? Other. If so, describe the entity (e.g.B. „an established legal entity within the meaning of Act 101 of 1997 on Higher Education) 😀 Does the licensee accept the obligation to create and satisfy the market for licensed products, works, methods or processes? No Yes. If so, what kind of effort is required? Are the costs of conducting a royalty audit transferred to the licensee if the difference between the amounts payable and the amounts actually paid exceeds a threshold? No Yes, if so, what is the threshold? ==== „15% of royalties payable”): Is confidential information disclosed to the licensee under confidentiality obligations? No Yes If the know-how is licensed, for what purpose(s) may the licensee use and disclose the know-how? This is a good time to note that I think you should always have a potential licensee writing your agreement. We have to take the lead. And in most cases, it`s in your best tax and other interest to let them make that initial effort. Can the licensee sublicense the entire territory? No Yes, if yes: Are sub-licenses automatically terminated upon termination/termination of this master agreement? No Yes My expertise lies in licensing concepts for new products for royalties. If a company is interested in licensing any of my ideas, I lead our conversation to create a term sheet.

First, I`ll start with the question, „What do you need to succeed?” That`s really what it`s all about, isn`t it? Then I ask the following big questions. What is the „amount” as a fixed amount per license term: does this „fixed amount” increase every year? No Yes, if so, by what percentage?: Are the licensee`s rights limited to a specific purpose? No Yes, if yes, describe the area of use (e.B. „the field of mineral exploration”: Does the licensee wish to compensate the licensor for: Does the license need to be recorded in the appropriate intellectual property registers in order to convert the „personal” license rights into „real rights” associated with the intellectual property? No Yes Does the licensee have the right: Dispose of the protected product (including products manufactured using a protected process or process) Offers to dispose of the protected product (i.e. . . .