License Agreement Short Form

LICENSOR LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

LICENSE AGREEMENT SHORT FORM

This License Agreement Short Form (the “Agreement”) is made and entered into as of {{date_of_agreement}} (the “Effective Date”) by and between:

Licensor: {{licensor_company_name}}, a company duly incorporated under the laws of {{licensor_jurisdiction_country}}, with its principal place of business at {{licensor_address}} (hereinafter “Licensor” or “Party”).

Licensee: {{licensee_company_name}}, a company duly incorporated under the laws of {{licensee_jurisdiction_country}}, with its principal place of business at {{licensee_address}} (hereinafter “Licensee” or “Party”).

Licensor and Licensee are hereinafter collectively referred to as “the Parties” and individually as “Party.”

1. GRANT OF LICENSE

Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee a non-exclusive, non-transferable, revocable license to use the intellectual property described in Exhibit A (the “Licensed IP”) solely for the purpose of {{purpose_of_license}} (the “Permitted Use”).

2. TERM

This Agreement shall commence on the Effective Date and shall continue for a period of {{term_duration}} unless terminated earlier in accordance with the provisions of this Agreement.

3. FEES AND PAYMENT

Licensee shall pay to Licensor a license fee of {{currency_1}} {{license_fee_amount}} ({{license_fee_amount_words}}) on {{payment_due_date_or_schedule}}. All payments shall be made in {{currency_2}} to the bank account designated by Licensor.

4. OWNERSHIP

Licensee acknowledges that all right, title, and interest in and to the Licensed IP shall remain with Licensor. Nothing in this Agreement shall be construed as an assignment or transfer of any ownership rights in the Licensed IP to Licensee.

5. REPRESENTATIONS AND WARRANTIES

Licensor represents and warrants that it has the full power and authority to enter into this Agreement and to grant the license contemplated herein. Licensee represents and warrants that it will use the Licensed IP strictly in accordance with the terms of this Agreement and Applicable Law.

6. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}. Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, shall be settled by {{dispute_resolution_method}} in {{dispute_resolution_city}}, {{dispute_resolution_country}}.

7. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

LICENSOR:

_____________________________

By: {{licensor_signer_name}}

Title: {{licensor_signer_title}}

Date: {{licensor_signature_date}}

LICENSEE:

_____________________________

By: {{licensee_signer_name}}

Title: {{licensee_signer_title}}

Date: {{licensee_signature_date}}