Patent and Know-How Licence
TR.C&L.08.02
This Patent and Know-How Licence is designed for use in situations whereby
one party owns the rights to (and the intellectual property subsisting in)
a patented invention and another party (the licensee) wishes to use the
patent. The terms of this Patent Licence set out in detail the terms and
conditions governing the licensee’s use of the patent.
This licence is suitable for use with both product patents and process
patents (indeed it can cover either or both in the same document).
The licence granted under this document may be exclusive or non-exclusive
and entitles the licensee to work under the patent rights and use technical
information (or “know-how”) relevant thereto.
Payment under this licence takes the form of royalties which are payable at
predefined intervals. The licensee is also required to maintain detailed
records with respect to royalties.
The terms and conditions of this licence are substantially the same as
those contained in the Patent Royalty Agreement which is also available
from Simply-docs. Users of either of these documents will not need to
download the other.
Optional phrases / clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the document.
This Patent and Know-How Licence contains the following clauses:
1. Definitions and Interpretation
2. Technical Information
3. Improvements
4. Confidentiality
5. Grant of Rights
6. Payment
7. Records and Reports
8. Performance
9. Patents
10. Term and Termination
11. Force Majeure
12. General
13. No Waiver
14. Severance
15. Notices
16. Law and Jurisdiction
And the following schedules:
1. Patent Rights
2. Secrecy Undertaking
3. Formal Patent Licence for Registration
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highlighted fields or adjust the wording to suit your purposes.
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