Who is Licensee?

• The Licensee, a person who wishes to use a patent, is:

  • A person
  • An individual or organization

• Indicate the full name of Licensee:

• Indicate the full name of a company (Licensee):

• Indicate the full residential or business address of Licensee:

About the Contract

• Select the date on which the parties sign this Agreement:

  !

  The date of signing is the date on which a patent license agreement becomes effective.

• Which state laws shall apply towards provision of this Agreement?

  Choose option Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

• The license to use a patent shall become effective:

  • On the date of signing, indicated above
  • Other date

• Select the date on which the license shall become effective:

• Select the date on which the license shall END:

• Either party can end this Agreement by providing a prior written:

  Choose option seven (7) days' notice fourteen (14) days' notice thirty (30) days' notice sixty (60) days' notice

Patent Details

• Indicate the patent's name or title:

  !

  All information about the patent, including its date of issuance, type, title, duration, description, and other key facts, could be found in a patent certificate issued by the U.S. Patent and Trademark Office.

• Select the patent's type:

  Choose option Utility patent Design patent Plant patent

  !

  There are three types of patents:

  – Utility patent (for invensintg a new or improved and useful process, machine, article of manufacture, or composition of matter);

  – Design patent (for inventing a new, original, and ornamental design for an article of manufacture);

  – Plant patent (for inventing or discovering and asexually reproducing any distinct and new variety of plants).

• Has the patent been registered with the U.S. Patent and Trademark Office?

  • Yes
  • No, in the process of registration

  !

  Registration of a patent with the United States Patent and Trademark Office (USPTO) is mandatory.

  The patent license agreement could be concluded with regards to the patent which is already registered or which is pending for the registration at the USPTO.

• Indicate the USPTO registration number:

  !

  This is a registration number provided by the United States Patent and Trademark Office.

  Each patent is given a unique registration number.

• Select the date of the patent's registration:

• Indicate the number of the patent application for registration:

• Select the date on which the application for the patent's registration was submitted:

• Specify the cooperative patent classification (CPC):

  !

  A CPC (Cooperative Patent Classification) code is an alphanumeric system used to categorize inventions in patent documents based on their technical features.

  This information could be found in a patent certificate.

License Details

• Describe in detail how the Licensee is permitted to use the patent:

  !

  A patent could be used in various ways:

  – manufacture the patented product or process;
  – use patented technology in its business operations;
  – sell or distribute products that incorporate the patent;
  – sub-license the patent;
  – improve upon the invention.

• The Licensee obtains the following license to use the patent:

  • Exclusive license
  • Non-exclusive license

  !

  The licensor under the patent license agreement can issue two different types of licenses:

  – Exclusive license: Only the licensee has the rights to use the patent. The licensor cannot use the patent and cannot license the same patent to third parties in a way, in which such a patent is being used by the licensee.
  – Non-exclusive license: The licensee can use the patent. The licensor can also use it and license the same usage right to use the patent to third parties.

• Specify the geographic area (e.g., city, state, country) where the Licensee is authorized to use the patent:

  !

  Territory limitation in a patent license agreement defines the specific geographic area (such as a country or region) where the licensee is allowed to use the patent.

  Usage of the patent by the licensee outside the agreed territory is a material breach of a contract and is strictly prohibited.

• Does the Licensee have a right to sublicense the patent to third parties?

  • No
  • Yes

  !

  Sublicensing is the licensee’s right to grant some or all of their rights to use a patent to a third party.

  For example, the licensee receives the right to use the patent in its business operations. The licensee decides to transfer further the right to use a licensor’s patent in a business operations to a third party. Such a transfer is considered a sub-license.

Payment Details

• How will the Licensor be compensated for granting the license under this Agreement?

  • One-time fixed fee
  • Regular payments (e.g., weekly, monthly)
  • Another arrangement

• Indicate the amount of one-time flat fee (in USD) the Licensee shall pay:

• The one-time flat fee shall be paid in full:

  • on the date of signing, indicated above
  • at the end of the contract
  • according to the schedule

• Describe the schedule according to which the payment should be made:

• Indicate the amount of a regular payment (in USD):

• Select the frequency with which regular payments should be made:

  • every week
  • every month
  • every year

• Select the date of the month by which regular monthly royalty payments should be made:

  Choose option 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th

• Select the date of the month by which regular annual royalty payments should be made:

  Choose option 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th

• Select the month by which annual royalty payments should be made:

  Choose option January February March April May June July August September October November December

• Describe how the Licensor’s compensation for granting the license should be calculated:

• Indicate all acceptable payment methods the Licensee can use to make the payments:

• Do you want to add a Licensee's signature?

  • Yes
  • No

• Add a Licensee's signature:

  Save signature Clean

  Edit signature