{"componentChunkName":"component---src-templates-blog-post-ts","path":"/overview-of-intellectual-property-licensing-agreement/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"c3e04fc5-33a4-577c-a2fb-7664c3434bde","excerpt":"What is this document? An Intellectual Property License Agreement (IP License Agreement) is an agreement where a company or individual agrees to license certain…","html":"<h3>What is this document?</h3>\n<p>An <strong>Intellectual Property License Agreement (IP License Agreement)</strong> is an agreement where a company or individual agrees to license certain intellectual property to another party.</p>\n<h3>When would I use this document?</h3>\n<p>An IP License Agreement can be used in a number of situations where one party grants a license to another party. Examples include subscription services; using a product;  using a trademark; using a software etc.</p>\n<h3>Who signs this Agreement</h3>\n<p>An IP License Agreement is signed by the party providing the license (the <strong>licensor</strong>) and the party receiving the license (the <strong>licensee</strong>).</p>\n<h3>More details about this document</h3>\n<p>The licensor will want to ensure they have a very carefully (<em>narrowly</em>) defined license, that they will receive payment for the license, and that they will be compensated for any breach of the terms of the license. They will also want to make sure that failure to pay results in termination of the license.</p>\n<p>The licensee will want to ensure they are provided with a <em>broad</em> license, that the licensor has the right to grant the license, and that the product or intellectual property being licensed is not defective.</p>\n<p>Compensation for an IP License Agreement can be in the form of fees or royalties, depending on the purpose of the agreement. The license will be defined in terms of exclusivity, length of time, territory where the license is applicable, application of royalties, ability to sub-license, assignability etc.</p>\n<h3>What are the core elements of this document?</h3>\n<p>The core elements of an License Agreement include: License, Payment, Termination, Ownership of Intellectual Property, Liability and Waiver, Representations and Warranties.</p>\n<p>Additional clauses may include: Term, Support Services, and Sub-Licenses.</p>\n<h3>Related Documents</h3>\n<ul>\n<li><strong>Nondisclosure/Confidentiality Agreement</strong> - an agreement that protects confidential information.</li>\n<li><strong>Intellectual Property Transfer, Assignment and Release</strong> - an agreement that transfers the intellectual property from one person to another eg. from a consultant/contractor or employee to the person who ‘hired’ the consultant/contractor or employee.</li>\n<li><strong>Contractor/Consulting/Services Agreement</strong> - this type of agreement can have various names, and is used when a person is paid to provide services but is not hired as an employee. Payment can be flexible eg. money, shares or some other form of compensation.</li>\n<li><strong>Software Development Agreement</strong> - an agreement for developing software.</li>\n</ul>","frontmatter":{"title":"Overview of Intellectual Property Licensing Agreement","date":"March 30, 2017","description":"An Intellectual Property License Agreement (IP License Agreement) is an agreement where a company or individual agrees to license certain intellectual property to another party.","author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal","bio":"Rajah Lehal is Founder and CEO of Clausehound.com.  Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.","image":{"childImageSharp":{"fluid":{"base64":"data:image/jpeg;base64,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","aspectRatio":1,"src":"/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg","srcSet":"/static/d7bbad08c257f3987a4a5710553e9e17/2b9ee/Rajah.jpg 80w,\n/static/d7bbad08c257f3987a4a5710553e9e17/e5d64/Rajah.jpg 160w,\n/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg 320w,\n/static/d7bbad08c257f3987a4a5710553e9e17/6e63d/Rajah.jpg 400w","sizes":"(max-width: 320px) 100vw, 320px"}}}},"tags":["Rajah","Contract Overviews","Intellectual Property Licensing Agreement"]}}},"pageContext":{"slug":"/overview-of-intellectual-property-licensing-agreement/","previous":{"fields":{"slug":"/overview-of-resignation-release-and-waiver/"},"frontmatter":{"title":"Overview of Resignation, Release and Waiver","tags":["Rajah","Contract Overviews","Resignation Release &amp; Waiver"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}},"next":{"fields":{"slug":"/overview-of-share-split-agreement/"},"frontmatter":{"title":"Overview of Share Split Agreement","tags":["Rajah","Contract Overviews","Share Split Agreement"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}}}}}