A license agreement is a written agreement between two parties in which one property owner allows another party to use that property under certain parameters. A license agreement or license agreement typically includes a licensor and a licensee. License agreements limit the conditions under which one party may use another party`s property. While the real estate in question can encompass a large number of objects, including real and personal property, licensing agreements are most often used for intellectual property, such as patents and trademarks, as well as copyrights for written materials and visual arts. A well-written license agreement is important for both licensees and licensors. If your business needs help at any point in the process, our team of contract lawyers can help. Whether it`s creating the entire agreement or reading your own template, we have the know-how to make sure it`s done right. Trade secret licensing agreements are often provided with confidentiality agreements (or NDAs). AsNs indicate that the party receiving certain confidential information may not communicate it to third parties. Most licensing agreements also address quality. For example, the licensor may include in the contract conditions obliging the licensee to provide product prototypes, packaging models and even occasional samples for the duration of the contract. Of course, the best form of quality control is usually carried out before the fact – carefully checking the reputation of the licensee. Another common quality regime in licensing agreements concerns the method of disposal of unsold goods.
If the remaining items in stock are sold as cheap knockoffs, this can damage the licensor`s reputation in the market. Since the transfer of knowledge between the parent company and the licensee is very present in this type of entry, the decision to enter into an international licensing agreement depends on the respect shown by the host Government for intellectual property and the ability of the licensor to choose the right partners and prevent them from competing in each other`s market. Licensing is a relatively flexible employment contract, which can be tailored to the needs and interests of both the licensor and the licensee. Here are the main advantages and reasons to use an international license for international expansion: As you can see, there are many types of license. For example, the licensor may require a confidentiality agreement to prevent the licensee from passing on proprietary product features or processes to others. The licensee may request the licensor to sign a non-compete clause in order to prevent the licensor from breaking the agreement by allowing someone else to sell the product in the licensee`s exclusive territory. . . .