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PATENTLICENSEAGREEMENT
THISPATENTLICENSEAGREEMENT(the"Agreement")ismadeandenteredintoasof[InsertEffectiveDate],byandbetween[InsertLicensorName],a[InsertJurisdictionofLicensor]corporationwithaprincipalplaceofbusinessat[InsertLicensorAddress]("Licensor"),and[InsertLicenseeName],a[InsertJurisdictionofLicensee]corporationwithaprincipalplaceofbusinessat[InsertLicenseeAddress]("Licensee").
WHEREAS,Licensoristheownerofcertainpatentsandpatentapplicationsrelatedto[InsertBriefDescriptionofPatentedTechnology],whicharelistedinExhibitAattachedheretoandmadeaparthereof(the"LicensedPatents");
WHEREAS,Licenseedesirestoobtainalicensetomake,havemade,use,sell,offerforsale,importandotherwiseexploittheLicensedPatentsintheFieldofUse(asdefinedbelow);and
WHEREAS,LicensordesirestogranttoLicenseealicensetotheLicensedPatentsonthetermsandconditionssetforthherein.
NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementscontainedhereinandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesagreeasfollows:
1.GrantofLicense.
LicensorherebygrantstoLicensee,andLicenseeherebyaccepts,anon-exclusive,non-transferable(exceptasprovidedinSection[InsertSectionNumberforTransferability,ifany]),limitedlicenseundertheLicensedPatentstomake,havemade,use,sell,offerforsale,import,andotherwiseexploittheLicensedPatentsintheFieldofUsethroughouttheTerritory(asdefinedbelow)duringtheTerm(asdefinedinSection[InsertSectionNumberforTerm]).
2.FieldofUseandTerritory.
The"FieldofUse"shallmean[InsertSpecificFieldofUse,ifany].The"Territory"shallmean[InsertSpecificGeographicalArea,ifany,or"worldwide"].
3.RoyaltyandPayments.
LicenseeshallpaytoLicensoraroyaltybasedonNetSalesofLicensedProductsasfollows:[InsertRoyaltyRateorPaymentStructure].
4.MinimumCommitments.
LicenseeshallmakeaminimumpaymenttoLicensorof[InsertMinimumCommitmentAmount]within[InsertTimeFrame]aftertheEffectiveDateofthisAgreement.
5.Term.
ThisAgreementshallcommenceontheEffectiveDateand,unlessterminatedearlierpursuanttotheprovisionsofthisAgreement,shallcontinueineffectuntiltheexpirationofthelasttoexpireoftheLicensedPatents(the"Term").
6.Termination.
LicensormayterminatethisAgreementimmediatelyuponwrittennoticeifLicenseebreachesanymaterialtermorconditionofthisAgreementandfailstocuresuchbreachwithin[InsertNumberofDays]daysafterreceiptofwrittennoticethereof.
7.WarrantiesandRepresentations.
LicensorrepresentsandwarrantsthatitistheowneroftheLicensedPatentsandhastherighttograntthelicensegrantedherein.
8.Indemnification.
Licenseeshallindemnify,defend,andholdLicensorharmlessfromandagainstanyandallclaims,damages,liabilities,costs,andexpensesarisingfromorrelatedtoLicensee'suseoftheLicensedPatents.
9.Confidentiality.
LicenseeshallkeepconfidentialallinformationreceivedfromLicensorthatisidentifiedasconfidential,andshallusesuchinformationonlyforthepurposesofthisAgreement.
10.Miscellaneous.
ThisAgreementconstitutestheentireagreementbetweenthepartieswithrespecttothesubjectmatterhereofandsupersedesallpriornegotiations,understandings,andagreementsbetweentheparties.ThisAgreementmaybeamendedonlyinwritingsignedbybothparties.
INWITNESSWHEREOF,thepartieshavee
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