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IP License Agreement

KSh 0

An IP licensing agreement occurs between an IP rights owner (“licensor”) and someone who is authorized to use the rights (“licensee”) in exchange for monetary value in the form of a fee or a royalty.

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Table of Contents:

  1. INTERPRETATION AND CONSTRUCTION
  2. LICENSE
  3. DURATION
  4. CONSIDERATION
  5. PERMITTED USE
  6. LICENSEE’S ACKNOWLEDGEMENTS AND UNDERTAKINGS
  7. LICENSOR’S UNDERTAKINGS
  8. WARRANTIES
  9. CONFIDENTIALITY
  10. LICENSE REGISTRATION
  11. INDEMNITY
  12. TERMINATION
  13. DISPUTE RESOLUTION
  14. SEVERANCE
  15. NOTICES
  16. SURVIVAL OF RIGHTS, DUTIES AND OBLIGATIONS
  17. WAIVER
  18. VARIATION
  19. CUMULATIVE RIGHTS AND REMEDIES
  20. ENTIRE AGREEMENT
  21. TIME OF THE ESSENCE
  22. THIRD-PARTY RIGHTS
  23. AUTHORITY TO EXECUTE
  24. NO AGENCY OR PARTNERSHIP
  25. ASSIGNMENT
  26. SET-OFF
  27. CONCLUSIVE EVIDENCE
  28. COSTS
  29. COUNTERPARTS
  30. GOVERNING LAW

FIRST SCHEDULE               LICENSOR IPR

SECOND SCHEDULE         PRODUCTS

THIRD SCHEDULE             TERRITORY

FOURTH SCHEDULE         SPECIFICATIONS, DIRECTIONS AND STANDARDS FOR USE OF LICENSOR IPR

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