Patent and Know-How License Contract (Simple)

A Patent and Know-How License Contract is a legal agreement that establishes the terms and conditions for licensing the rights to use patented inventions and associated know-how. This template is a simplified version of such a contract, designed to provide a clear and concise structure for the licensing arrangement.

The contract outlines the responsibilities of both the licensor (the owner of the patent and associated know-how) and the licensee (the party seeking to use the patented technology). It specifies the scope of the license, including any limitations on its usage, territory, and duration.

Additionally, the template includes provisions addressing confidentiality obligations, intellectual property rights, and any applicable royalties or license fees. It also covers dispute resolution mechanisms and the termination or assignment of the license.

This simplified Patent and Know-How License Contract template aims to facilitate the licensing process by providing a clear framework, reducing the need for extensive negotiation, and ensuring that both parties understand their rights and obligations related to the licensed technology and know-how. However, it is important to note that this template should be customized and reviewed by legal professionals to align with the specific needs and circumstances of the licensing parties.