FREE 10+ Licensing Agreement Samples in PDF

A license refers to a granted authority, therefore a licensing agreement is a legally binding document and a contract between two parties that allows or gives a party permission to use their partner’s property under a certain set of conditions agreed upon and approved by both parties. A licensing agreement involves two parties which are the Licensor or the person who owns an intellectual property and the Licensee or the person who receives a license to use an intellectual property.

A license refers to a granted authority, therefore a licensing agreement is a legally binding document and a contract between two parties that allows or gives a party permission to use their partner’s property under a certain set of conditions agreed upon and approved by both parties. A licensing agreement involves two parties which are the Licensor or the person who owns an intellectual property and the Licensee or the person who receives a license to use an intellectual property.

10+ Licensing Agreement Samples

1. Licensing Agreement Template

2. Key Terms of Licensing Agreement

3. Draft Licensing Agreement

4. Process Licensing Agreements

5. Agreement on Import Licensing Procedures

6. Template License Agreement

7. Patent License Agreement

8. Anatomy of a License Agreement

9. Media Licensing Agreement

10. Real Licensing Agreement with Real Dollars

11. Software Licensing Agreement

What is a Licensing Agreement Template?

A licensing agreement also referred to as a license contract or license agreement is a type of legally binding document that ensures a licensee that they are permitted to use their business partner’s property. In a typical scenario, the licensor is given payment as a consideration by value so a licensee can access or use their property. A document will be written or produced to record this agreement and signed by both parties to secure a licensor’s property, especially if it’s not tangible such as copyrights, trademarks, business logos or names, and more.

How do I Write a Licensing Agreement?

Licensing agreements and contracts are valuable to companies who own a property or a right to a certain product but lack the ability to produce it. If you want to establish a licensing contract with a potential business partner, you must ensure that you get a legal practitioner who is knowledgeable and well-versed in licensing agreements. This document also helps in providing clarity on the relationship between the licensee and the licensor as well as their roles and responsibilities in the business.

Step 1: Determine the Product Ownership

In creating a licensing agreement, it is important to ensure that the document clearly states who is the owner of which product. You also have to make sure that your property is registered and that no other business is using the same asset or product.

Step 2: Describe the Monitoring and Quality Assurance Process

Make sure to include the monitoring of sales figures at is important in tracking your sales performance while a clause for quality assurance ensures that your brand or product comes and is distributed in the highest quality by the licensee.

Step 3: Include Details for Payment Distribution

Details for the payment or amount of compensation must also be included in the agreement which includes details of when it will be paid and the time it will take to be paid must also be included in the agreement.

Step 4: Perform Due Diligence before Contract Signing

Before signing the licensing agreement, make sure that you have enough knowledge about the licensee. You can ask for their financial statements, qualifications in checking management, visit their location or offices, and more.

FAQs

Licensing agreement templates are used to outline the agreement between a licensor and a licensee. It includes statements that a licensee is given permission to utilize an intellectual property of licensure. The parties involved can consult or meet a legal practitioner to help them establish a licensing agreement that can be beneficial to both of them.