Patent License Agreement includes:
- Free initial consultation
- Advice & preparation by a lawyer
- Customized Agreement
A Patent license agreement authorizes one party (licensee) to use the Patent of another (licensor) on terms as agreed between them, without transferring any ownership of the Patent to the licensee.
The licensee will likely require certain representations and warranties about the Patent, and the licensor will want to control how the Patent is used. It’s always best to square off all the terms, before proceeding with a transaction that may have long term consequences.