IP sale and licence agreements

These are comprehensive contracts to sell intellectual property outright, or license use of it under specific terms. The set of documents covers all types of IP: from media to software to product designs, whether used in simple consumer goods or complex engineering.

    Templates

    Invention licence agreement

    This is a heavyweight licence agreement for rights in an invention. The product could be an innovative new product for sale or a device to improve an existing product. It could be a device for dogs to get their own meals or a steering system for supersonic drones. The licence is flexible, but drawn in present form as a licence in perpetuity for a particular industry. It assumes a single fee and/or a royalty. It is also assumed that the licensee will require a licence to use supporting systems, in common with licensees in other industries.

    IP rights sale agreement: in invention or process

    This is an agreement for the sale of rights in an invention or improvement, or in any software or technical product. It may be an innovative new product for sale or a device to improve an existing product. The product could be a software game or designs for a railway bridge or any other invention. We assume the buyer requires full control so that he can brand and market it as his own. Option for seller to licence supporting intellectual property.

    IP rights sale agreement: in invention or process: for cash and shares

    This is an agreement for the sale of rights in an invention or improvement, or in any software or technical product. It may be an innovative new product for sale or a device to improve an existing product. The product could be a software game or designs for a railway bridge or any other invention. We assume the buyer requires full control so that he can brand and market it as his own. Option for seller to licence supporting intellectual property, like trade marks or patents. Payment in cash and shares. Other options too.

    IP rights sale agreement: in chemical compound

    This is an agreement for the restricted sale of rights in a chemical compound. It may be any compound for any purpose. Your buyer will have a particular purpose in mind. You will want to limit the sale by reference to place, end product, industry type or any other. Payment by up front cash plus royalty. Provides for ongoing mutual co-operation in R&D or other.

    IP licence agreement: of technical product in a single industry or market

    This is a heavyweight licence agreement for rights in an invention. It could be any technical IP. This agreement is for an invention or improvement which could be used in more than one industry. The owner/inventor will licence it widely, but to only one licensee per industry or sector. The Licence is perpetual, irrevocable, non-exclusive, fully paid-up, royalty-free and worldwide. The licensee is therefore entirely free to incorporate it into any product he makes, provided it is in his industry only. Includes more limited licence for supporting IP - maybe a patent or trade mark or the right to some system or device. It is also assumed that the licensee will require a licence to use supporting systems, in common with other licensees.

    IP licence agreement: to use name or trademark for merchandising in a different field or industry

    This is a heavyweight licence agreement for merchandising rights in any product or work of intellectual property. The key element is the exploitation of a creative work in a different application or market. It is most likely to be connected with children's entertainment, as for example creating toys from a popular television advertisement. However, this licence agreement also could be used in the same industry, for example to sell shampoo under a name well known for cosmetics.

    IP rights sale agreement: in television, film or media production

    This is an agreement for a buyer and seller of rights in any audio-visual creative work. Neither party is preferred. The work could be a film, a television production, an advertising production. We assume the buyer requires full control so that he can brand and market it as his own, so the deal is a sale and not a licence. Payment is part cash and part shares in the buyer company. Edit for a straight cash deal.

    IP licence agreement: educational or training system

    This is a heavyweight licence agreement for a "How to" product; for example an educational or training system, or a system for psychometric testing. Your product is likely to be provided as a CD or DVD, maybe with hard copy or hard product support. The licence is flexible. It assumes a single fee and/or a royalty. It includes many options, for example that the licensee will require a licence to use supporting systems, in common with your other licensees.

    Licence to use specialist simple system

    This is a licence agreement for your piece of software and layout to be incorporated in one or more other software systems or applications. It may facilitate use of a record-keeping process or facilitate compliance with statutory requirements. The range of possibilities is without limit. You license for single use only, not for re-sale or for use in a product for mass sale. Initial payment, with option for annual payment for support.

    IP sub-licence agreement: copyright work

    This is a flexible sub-licence of any copyright material or created work. It assumes that the sub-licensor has all the rights needed to enable him to exploit the licence he has bought, by sub licensing. Many options for limiting the extent of the sub-licence.

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