Patent License Agreement

A patent is a legal device that protects inventors, prohibiting other persons from producing or profiting from their inventions for a defined period of time. While the patent owner holds certain exclusive rights to make and market the invention, the owner is entitled to transfer those rights to another party either completely, by way of an assignment, or for a limited time, duration or scope, by way of a license.

Included in this kit is a sample form for drafting a patent license agreement, along with general instructions explaining the significance and operation of each provision in the agreement.

For use in all states.

Among others, this form includes the following provisions:
• Grant of License
• Term
• Payments
• Licensor’s Representations and Warranties
• Assignment Clause