Technology Licensing Agreement

Technology Licensing Agreement

This Licensing Agreement ("Agreement") is made and entered into as of , by and between , a organized under the laws of , hereinafter referred to as "Licensor", and , a , organized under the laws of , hereinafter referred to as "Licensee".

1. Definitions:

  • Technology: Refers to the liquid-based CBD technology as described in Exhibit A.
  • License: The right granted to the Licensee to use the Technology.
  • Territory: .

2. Grant of License: Licensor hereby grants Licensee an exclusive/non-exclusive, transferable/non-transferable license to use, reproduce, and distribute the Technology within the Territory.

3. Financial Terms:

  • Royalties: Licensee shall pay to Licensor a royalty of of net sales of products incorporating the Technology.
  • Minimum Annual Royalty:
  • Lump Sum Payment:

4. Term and Termination:

  • Initial Term: This Agreement will begin on and continue for unless terminated earlier as provided herein.
  • Termination: Circumstances under which the agreement can be terminated by either party.

5. Confidentiality: Both parties agree to maintain the confidentiality of all proprietary information received during the term of this Agreement.

6. Representations and Warranties:

  • Licensor represents that they have the right to license the Technology and that, to the best of their knowledge, it does not infringe on the rights of third parties.
  • Licensee represents that they will use the Technology in compliance with all applicable laws and regulations.

7. Indemnification: Licensee agrees to indemnify, defend, and hold harmless Licensor from any claims arising from Licensee's use, reproduction, or distribution of the Technology.

8. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of .

9. Entire Agreement: This Agreement contains the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.

10. Attachments:

  • Exhibit A: Description of the Technology
  • Exhibit B:

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

Remember, this is just a basic template. Depending on the complexity of your deal, you might need additional clauses on topics like IP ownership, audit rights, sublicensing, and more. Always consult with a legal professional when drafting or entering into a licensing agreement.

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Signed by Alex Blanton
Signed On: October 12, 2023

Signature Certificate
Document name: Technology Licensing Agreement
lock iconUnique Document ID: 82f58be10908bfdc04a07d1ce1ebbd79c5973f25
Timestamp Audit
October 12, 2023 9:48 am ESTTechnology Licensing Agreement Uploaded by Alex Blanton - IP