The Non Exclusive Patent Licence Agreement is essential when patent owners wish to monetize their intellectual property while maintaining control over their patents. This document, governed by English and Welsh law, is commonly used in situations where multiple licensees may benefit from the same technology. It includes detailed provisions for royalties, quality control, and compliance with UK patent legislation, while ensuring the agreement aligns with competition law requirements. The agreement is particularly valuable for companies seeking to expand their technological capabilities without requiring exclusive rights.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement, including patent details and purpose of the license
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the non-exclusive license being granted
5. Territory: Geographical scope where the license applies
6. Payments and Royalties: Financial terms, including royalty rates and payment schedules
7. Records and Audit Rights: Requirements for maintaining records and licensor's audit rights
8. Intellectual Property Rights: Ownership and protection of IP rights
9. Term and Termination: Duration and conditions for termination
10. Governing Law and Jurisdiction: Applicable law and dispute resolution provisions
1. Improvements: Provisions dealing with future improvements to the licensed technology and associated rights
2. Sub-licensing Rights: Terms and conditions under which the licensee may grant sub-licenses to third parties
3. Quality Control: Standards and quality requirements for products or services using the licensed patent
4. Technical Assistance: Terms regarding technical support and implementation assistance provided by licensor
5. Export Controls: Provisions regarding export restrictions and international trade compliance
1. Schedule 1 - Licensed Patents: Detailed list and specifications of patents covered by the agreement
2. Schedule 2 - Royalty Calculations: Detailed methodology and examples for calculating royalties
3. Schedule 3 - Technical Specifications: Technical details and specifications of the licensed technology
4. Schedule 4 - Reporting Templates: Standard forms and templates for periodic reporting requirements
5. Schedule 5 - Quality Standards: Detailed quality requirements and specifications for implementation
Relevant legal definitions
Affiliate
Background IP
Commencement Date
Confidential Information
Effective Date
Field of Use
Foreground IP
Improvements
Licensed Patents
Licensed Products
Licensed Technology
Net Sales
Patent Applications
Patent Rights
Royalty Period
Technical Information
Territory
Term
Valid Claim
Working Day
Intellectual Property Rights
Know-How
Quarter
Royalty Rate
Sub-licensee
Technical Assistance
Quality Standards
Reporting Period
Commercial Scale
Patent Office
Background IP
Commencement Date
Confidential Information
Effective Date
Field of Use
Foreground IP
Improvements
Licensed Patents
Licensed Products
Licensed Technology
Net Sales
Patent Applications
Patent Rights
Royalty Period
Technical Information
Territory
Term
Valid Claim
Working Day
Intellectual Property Rights
Know-How
Quarter
Royalty Rate
Sub-licensee
Technical Assistance
Quality Standards
Reporting Period
Commercial Scale
Patent Office
Clauses
Definitions
Grant of License
Scope of License
Territory
Royalties
Payment Terms
Records and Audit
Quality Control
Technical Assistance
Improvements
Confidentiality
Warranties
Indemnification
Intellectual Property Protection
Sub-licensing
Assignment
Term and Duration
Termination
Post-Termination Obligations
Force Majeure
Competition Law Compliance
Regulatory Compliance
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Waiver
Third Party Rights
Counterparts
Grant of License
Scope of License
Territory
Royalties
Payment Terms
Records and Audit
Quality Control
Technical Assistance
Improvements
Confidentiality
Warranties
Indemnification
Intellectual Property Protection
Sub-licensing
Assignment
Term and Duration
Termination
Post-Termination Obligations
Force Majeure
Competition Law Compliance
Regulatory Compliance
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Waiver
Third Party Rights
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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