Who is Grantee?

• The Grantee, a person who uses a licensed property and pays royalties, is:

  • A person
  • An individual or organization

• Indicate the full name of Grantee:

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

• Indicate the full residential or business address of Grantee:

About the Contract

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

  !

  The date of signing is the date on which a royalty 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 Grantee has the right to use a licensed property:

  • Until specific date
  • Until occurence of certain events
  • For a specific period of time
  • Indefinitely

• Select the date by which the Grantee can use a licensed property:

• Describe events upon occurrence of which the Grantee shall stop using a licensed property:

• Describe the period of time (in weeks, months or years) within which the Grantee can use a licensed property:

General Information

• Provide a short description of the licensed property the Grantee can use:

• The parties shall maintain the confidentiality of all received information after the termination of this Agreement for the period of:

  Choose option one (1) year two (2) years three (3) years

• Specify the number of times per year the Grantor is permitted to audit the Grantee’s financial records, accounts, and documentation:

  !

  The Grantor needs this right to ensure the accuracy of royalty payments and to verify that the Grantee is complying with the financial and reporting obligations set forth in the agreement.

  Usually the Grantor is allowed to make such an audit one or two times per year.

  The Grantor shall conduct any audit during the Grantee’s regular business hours and in a manner that does not unreasonably interfere with the Grantee’s operations.

Payment Details

• How shall the Grantee pay for the usage of a licensed property?

  • One-time fixed fee
  • Fixed fee per each sold unit
  • Regular payments (royalties)

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

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

  • on the date of signing this Agreement
  • at the end of the contract

• Indicate the amount of fee (in USD) per each sold unit of the licensed property:

• Describe the schedule according to which the Grantor’s compensation shall be paid:

• Indicate the amount of regular royalty payments (in USD):

• The royalties shall be paid:

  • by the end of each week
  • every month
  • every year

• Select the date of the month by which regular royalties shall be paid:

  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 of the year by which regular annual royalties shall be paid:

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

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

Miscellaneous

• Either party to this Agreement can end it any time by providing a prior written:

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

• If the Grantee fails to make a payment on time:

  • One-time fixed late penalty fee applies
  • Daily late penalty fee applies

  !

  Late fees are additional financial charges imposed on a grantee when a grantee fails to make a payment on time.

• Specify the amount of the one-time fixed late fee (in USD):

• Indicate the amount of a daily late fee (in USD):

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

  • Yes
  • No

• Add a Grantee's signature:

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