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Product ID: NZ-IPipp46

Copyright or patent licence agreement

This is a licence of a patent to someone who will exploit it through sub licences. The licensor will take a cash payment or royalty, or both. Example: a patented device, part or sub-assembly which requires to be incorporated into a product for use.
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
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About this patent licence

The essence of this patent licence agreement is that it is a licence by an inventor to a person or company who will market your patent for others to exploit in a given territory. The agreement can also be used for any other copyright work where you rely on sub-licences agreed and set up by someone else.

You invent the gizmo. Your licensee sells it on by sub-licence to manufacturers. Your gizmo is likely to be something which cannot be used alone, but must be incorporated into another product. Examples: a switch mechanism; a ski binding; a diamond cutting blade; a tranquiliser dart.

Use for any industry or purpose; home or abroad; for a period of time, or more likely, for ever; cash payment or royalty, or both.

You can use this agreement for a one-off deal or for multiple agreements, each for a different territory.

All Net Lawman documents are written to protect primarily the document buyer. However, we do not invite problems for you by ignoring the likely requirements of your counter-party. There are many provisions in this document which satisfy the concerns of a fair minded Licensee.

Key features

  • You control the terms of the sub-licenses
  • Very full royalty payment control
  • Easy to edit (as always with Net Lawman documents)
  • Thorough coverage of legal areas
  • Practical, alternative business provisions
  • No requirement for you to be your own lawyer

Contents of this patent licence agreement

Here is a list of the major subjects covered in this agreement.

  • Definitions, interpretation and legal matters
  • Selected warranties and understandings by both sides
  • The licence deal
  • Terms of sub-licences
  • Further protection of rights of creator
  • Infringement of copyright
  • Confidentiality
  • Other matters relating to enforcement and other legal issues
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.

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