Appendix H: License Agreements

• Author: Alexander I. Poltorak/Paul J. Lerner
• Profession: Is the founder, Chairman, and CEO of General Patent Corporation (GPC), an intellectual property (IP) firm focusing on intellectual property strategy and valuation, IP licensing, and enforcement/Is the Senior Vice President and General Counsel of General Patent Corporation (GPC)
• Pages: 272-285

BAPP08 12/15/2010 17:52:9 Page 272

APPENDIX H

License Agreements

This template can be used for either a running royalty agreement or

a paid-up license agreement. Only Section 3, ‘‘Payments,’’ will

change depending on the type of agreement used.

NONEXCLUSIVE LIMITED PATENT LICENSE

AGREEMENT

THIS AGREEMENT (hereinafter referred to as the ‘‘Agree-

ment’’) is made by and between Licensor Company (hereinafter referred

to as ‘‘Licensor’’), a _________[form of organization] with principal

offices at _________, and _________, a _____ ____ corporation with

principal offices at _____________________ (hereinafter referred to as

‘‘Licensee’’).

W I T N E S S E T H:

WHEREAS, Licensor is the owner of all right, title, and interest in

United States Patent Nos. __________________ (which patents are

hereinafter collectively referred to as the ‘‘Licensed Patents’’);

WHEREAS, Licensee is in the business of making and selling

____________, and desires to obtain a nonexclusive license to make,

use, and sell products and to practice the inventions covered by the Li-

censed Patents;

WHEREAS, Licensee has made and sold certain ____________ [if

applicable];

WHEREAS, Licensee consents that the Licensed Patents are valid

and enforceable [if applicable];

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