Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Patent License Agreement
1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including brief description of the patent(s) and the parties' intentions
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Specific rights being granted, including scope, territory, and type of license (exclusive/non-exclusive)
5. License Fees and Royalties: Financial terms, including upfront payments, ongoing royalties, and calculation methods
6. Payment Terms: Details of payment timing, method, currency, and late payment consequences
7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
8. Protection and Enforcement: Rights and obligations regarding patent protection and enforcement against infringement
9. Warranties and Representations: Guarantees made by each party regarding the patent and their authority to enter the agreement
10. Confidentiality: Obligations regarding protection of confidential information exchanged
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
12. General Provisions: Standard clauses including notices, assignment, entire agreement, and amendments
1. Improvements: Terms regarding rights to technological improvements made by either party - include when future developments are expected
2. Sublicensing Rights: Terms for sublicensing - include when sublicensing might be desired by the licensee
3. Quality Control: Standards for products manufactured under the license - include for manufacturing licenses
4. Marketing and Promotion: Requirements for marketing licensed products - include for consumer-facing products
5. Export Control: Compliance with export regulations - include for international licenses
6. Technology Transfer: Terms for technical support and knowledge transfer - include when technical assistance is needed
7. Milestone Requirements: Development or commercialization milestones - include for development-stage technologies
8. Field of Use Restrictions: Limitations on applicable industries or applications - include when license is field-specific
1. Schedule A - Licensed Patents: Detailed list of licensed patents including registration numbers and jurisdictions
2. Schedule B - Royalty Calculations: Detailed methodology for calculating royalties, including definitions of net sales
3. Schedule C - Technical Specifications: Technical details and requirements for implementing the patented technology
4. Schedule D - Quality Standards: Specific quality requirements and testing procedures for licensed products
5. Schedule E - Reporting Templates: Templates for regular reports required under the agreement
6. Appendix 1 - Initial Development Plan: Timeline and milestones for initial implementation or development
7. Appendix 2 - Approved Sublicensees: List of pre-approved sublicensees, if applicable
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.