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Checklist Drafting Multimedia And Technology Licencing Agreement Templates Free Download
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CHECKLIST
DRAFTING LICENSE AGREEMENTS
( Identification of Parties
Names
Addresses
( Definition of Licensed Property
Identification of patents, trademarks, etc.
Include corresponding rights
( Definition of Licensed Products/Services
( License Grant
Exclusive vs. non-exclusive
Definition of territory
Reservation of rights
Sublicensing
( Term of the Agreement
Initial term
Option to renew
Life of patent concerns
( Compensation
Royalty rate
Sublicensing income
Royalty period defined
Net sales defined
Royalty statements form
Advance
Guaranteed minimum royalty
Guaranteed vs. non-guaranteed
When sale occurs
Sales to affiliates
Receipt will not prevent subsequent challenge
Acceleration
Survival of termination
Currency
Interest
( Audit
Timing and notice
Underpayment/accounting fees
Record retention
( Representations and Warranties
Ownership and non-infringement
Necessary permissions
Ability to contract
No conflicting agreements
Best efforts to commercialize
Promote and advertise
Product introduction and first shipment dates
( Quality Control and Samples
Marking provisions of intellectual property laws
Quality standards
Legal notices
Product approvals/types/frequency
Right to terminate
( Intellectual Property Rights
Ownership question
Responsibility for seeking protection
Foreign protection
Licensee estoppels (non-patents)
Goodwill
( Termination
Immediate right to terminate
Right to terminate portion of agreement
Right to terminate upon notice
( Post termination Rights
Inventory
Sell-off period
Cease selling
Return of material
( Infringements
Responsibility to sue/secondary rights
Cooperation
Responsibility for payment
Lead counsel
Division of proceeds
( Indemnification
Product liability
Infringement
( Insurance
Product liability
Advertiser's
( Force Majeure
( Jurisdiction and Disputes
( Notice Provisions
( Non-disclosure and Non-compete
( Binding on Successors
( No Waiver Provision
( Independent Contractor
( Severability Provision
( Assignability
( Integration
( Execution and Dating by Parties
( Exhibitsclick to download Checklist Drafting Multimedia And Technology Licencing Agreement template
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