Patent License Agreement

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This particular legal document or agreement of assignment is used to assist in articulating the terms of patent license agreement. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

PATENT LICENSE AGREEMENT This Patent License Agreement (Agreement) is made and effective the [Date] RECITALS A. The Licensor is the sole and exclusive owner of and has the sole and exclusive right to grant licenses under Letters Patent of [COUNTRY] issued to it specifically [NUMBER] entitled [NAME] and [NUMBER] entitled [NAME]. B. Without admitting the validity of the above-mentioned patents but solely for commercial purposes the Licensee wishes to acquire the exclusive right and license to manufacture sell and use apparatus embodying employing and containing the invention patented in such Letters Patent throughout the [COUNTRY] and its territories. In consideration of the matters described above and of the mutual benefits and obligations set forth in this agreement the parties agree as follows:

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