IP Licence Agreement

Grant another party the right to use your intellectual property - including software, patents, trade marks, content or know-how - on defined terms. Covers licence type, territory, royalties and restrictions.

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Legal requirements for this document ▾
  • Both parties must sign for the licence to be legally effective.
  • A licence grants rights to use IP - it does not transfer ownership. If you intend to sell the IP, you need a Copyright or IP Assignment Agreement instead.
  • An exclusive licence means the licensor cannot grant the same rights to anyone else during the licence term - even themselves in some cases.
  • Licence restrictions (territory, field of use, sub-licensing) must be clearly stated to be enforceable.
  • If the licensor owns a trade mark, a bare licence (without quality control provisions) may result in loss of the trade mark - include quality control clauses.
  • Royalty calculations should be clearly defined - percentage of net or gross revenue, minimum payments, audit rights.
  • Patent licences may require recording with the relevant patent office for full effect in some jurisdictions.
  • Rules vary significantly by jurisdiction - always verify requirements in the relevant country.

This is public legal information, not legal advice. Rules vary by jurisdiction - always verify requirements in your country. For complex situations, consult a qualified solicitor.

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