In this world of give and take, where all units depend on each other, license agreements play an important role. License agreement is a legal agreement between two parties in which one party allows the other to use or develop something whose rights actually belong to the former. In legal terms the two parties are known as the licensor and the licensee. This Sample Vehicle Purchase Agreement Templates helps settling any kind of dispute that may arise between the two during any later stage.
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Manufacturing License Agreement Template
A person who has invented something usually owns the rights for this product. But, he can go ahead and allow another party to manufacture this product on his behalf. However, this is done only after the two parties sign an agreement. A manufacturing license agreement template outlines all the relevant clauses and can be customized as per the requirement of the parties concerned.
Software License Agreement Template
Also known as the End User License Agreement, this is signed by the software developer and the person or organization who buys it. By signing this agreement, the developer authorizes the buyer to use the software. A software license agreement template comprises of all the terms and conditions which are a must in such dealings.
Trademark License Agreement Template
This is also known as a Patent License Agreement. This is signed by two parties, when the owner of the trademark or the patent allows the other to manufacture products under this. A trademark license agreement template outlines all the important clauses which the parties need to adhere to for a peaceful association.
Photo License Agreement
When a photographer allows an agency to use the photographs clicked by him, the two parties are required to sign a license agreement to legalize things. This is known as the photo license agreement. Using the template of this agreement makes it easy for the parties to customize and sign it.
Sports Licensing Agreement Template
This agreement is usually entered into by a sports team and a company. By signing this agreement, the team allows the company to use its name and logo for the various products that are developed or sold by the company. A sports licensing agreement template contains all the important clauses and terms which both the parties need to follow.
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Uses of Licensing Agreement Templates
- For an inventor to allow another company or person to manufacture his or her inventions or ideas
- For a software developer to grant the use of the software to the buyer
- For a patent holder to allow another company to manufacture goods under this trademark
- For a photographer to approve the use of his photos by other organizations or persons
- For a sports team to grant permission to a company to use their name or logo
Benefits of Licensing Agreement Templates
- These are easy to customize and can be changed as per the requirement of the parties or the deal
- Both the signing parties get a clear picture of all the terms and conditions which they need to adhere to
- These outline the consequences in case of any breach of the agreement
- Recognized by the court of law as a legal proof, it can help in case of any disputes or altercations
How to Design a Licensing Agreement
Since this can be used as a legal proof, getting the help of a lawyer or expert would definitely help. Make sure to add in all the clauses and terms which both the parties need to adhere to. Give a clear idea about the product which the licensor is offering and his expectations of the licensee. Improve the readability of the Settlement Agreement Templates by breaking the content into smaller paragraphs.
We offer a wide range of license agreement templates to choose from. These are ready to be printed and can be easily customized. Available in both PDF and Word form, these work well with all operating systems. We would be more than happy to make any changes to our templates as per your requirement, so feel free to share your thoughts with us.
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