IP and Technology Agreement

• Suitable for licensing certain technology to the licensee in a pre-defined territory.
• Payment for the license may be in the form of royalty or license fee.
• The licensor may also offer certain services to the licensee (optional).
• Main sections include Grant of license, Royalty, Minimum royalty, Down payment, License fee, One-time license fee, No license fee, Accounting, Services and service fee, Representations and warranties, Intellectual property rights, Confidentiality, Term and termination, Indemnity, Limitation of liability, Force majeure, and Data protection and anti-bribery.

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