Product License Agreement

A product license agreement is a legal contract or agreement between two parties in which one party who is the ‘licensor’ allows the other party ‘licensee’ to use the brand name, trademark on the product when then he can sell onwards. This agreement is made in quite clear conditions and terms so that none of the rights are left out of any party. This context will contain some information about the Product license agreement, so keep reading to gain some valuable information and get a product license agreement template in the end which you can download and use for free.

How do you write a licensing agreement?

Below are mentioned some rules to formulate a product licensing agreement on your own. If you want to write the agreement, then keep following the below-mentioned guidelines:

1. Choose an already made template from the internet and customize that as per your needs.
2. Identify yourself as the licensor or licensee.
3. Define the agreement in detail as per your conditions.
4. Set the fee criteria of the product. 
5. Set the rules and regulations for the product.
6. Define the starting dates for this agreement.
7. Add Signatures of both parties.
8. Define the product fee (if any or if applicable)

These are a few rules which you must follow when formulating a product licensing agreement. Keep reading to get a sample agreement. 

Sample product licensing agreement:

We are providing you a product licensing agreement for your help and ease. This sample template is attached here in word format.

BY and BETWEEN: {{LICENSOR}} (the "Property Owners"), an entity organized with Business Registration Number: {{Business Registration Number}} and existing under the laws of the {{Country}} / Passport: {{Passport Name}}, Passport Number}}, date of birth: {{date of birth }}, place of birth: {{place of birth}}. AND: {{LISENSEE}} (the “Party B"), an entity organized with Business Registration Number: {{Business Registration Number}} and existing under the laws of the {{Country}} / Passport: {{Passport Name}}, Passport Number}}, date of birth: {{date of birth }}, place of birth: {{place of birth}}....

Download this template and start customizing this as per your requirements and needs. Share it with friends in need as well. Provide your valuable suggestions and ideas in the comments below. Head towards our main website to enjoy the use of some great content.