As soon as the parties provide all the information necessary to complete the document and verify its accuracy, they must print and sign the document. They would then have to make copies of the agreement with the two signatures that they keep for their own recordings during the contract and for a reasonable period of time thereafter. A royalty is compensation that grantor receives from Grantee in return for the use of its property. The licence fee could be an amount per unit sold, a percentage of the profits generated by grantee`s use of the property, a pre-paid lump sum or a combination of all three of these options. Grantee understands that they may be aware of information that, if published, could have a negative impact on the Grantor. Under this view, Grantee undertakes to keep confidential all information provided to it or the people it represents. Grantee undertakes to track all products and products and to provide Grantor with a monthly summary of all the above articles, including all royalties due for the month. In the event of non-compliance with this agreement, Grantor undertakes to compensate Grantee for any losses, damages or injuries. All communications relating to this licensing agreement are transmitted either in person, by mail or by legal mail, to the addresses listed below: the agreement first allows the contracting parties to provide important identifying information, including their primary names and addresses. If one of the parties is a business, it can also indicate the representative who will sign the agreement on behalf of the company. The agreement then describes the intellectual property that is the subject of the agreement in as much detail as possible, including when and by whom Grantor originally obtained property rights from a public authority such as the United States Patent and Trademark Office. The agreement then describes the length of the stockholder`s authorization to use the property, whether for a specified period of time. B several months, days or years, or until a particular event occurs, such as grantee.

B, which derives some benefit from the use of the property. Finally, and most importantly, the agreement describes in detail how the royalties paid to the recipient are structured, including the form of these payments, whether there is a minimum amount of payment of royalties payable under this agreement and all the late commissions that the recipient must pay if he does not hand over the royalties as agreed. In addition, this licensing agreement prevails over all previous agreements, including written or written agreements between the parties. Use the form below to download a license agreement from the RoyaltyRange database. With the exception of a violation of this agreement, neither party is liable for the violations, losses, damages or costs that may result from third parties in this licensing agreement resulting from the actions of the other parties. If, at any time, one or more conditions of this licence agreement were to be considered unenforceable or non-applicable, the parties agree to replace a similar clause or condition to replace the wrong clause or condition.