Free Marketing License and Royalty Agreements for Assets Template
MARKETING LICENSE AND ROYALTY AGREEMENTS FOR ASSETS
License Agreement
I. THE PARTIES
This License Agreement ("Agreement") is entered into on this [Month Day, Year], hereinafter referred to as the "Effective Date," by and between:
[Your Company Name], a company duly registered under the laws of [Your Country], having its principal place of business at [Your Company Address], hereinafter referred to as the "Licensor."
And
[Licensee Name]., a company duly registered under the laws of Indiana, having its principal place of business at [Address], hereinafter referred to as the "Licensee."
The Licensor and the Licensee shall collectively be referred to as the "Parties."
II. BACKGROUND
A. Licensor is the exclusive owner of certain marketing assets, including but not limited to intellectual property, trademarks, logos, and promotional materials, hereinafter referred to as the "Assets."
B. Licensee desires to obtain a license to use the Assets for marketing and promotional purposes, and Licensor is willing to grant Licensee such a license, subject to the terms and conditions set forth herein.
III. LICENSE GRANT
Subject to the terms and conditions of this Agreement, Licensor hereby grants Licensee a non-exclusive, non-transferable license to use the Assets solely for marketing and promotional purposes. Licensee shall have the right to use the Assets in accordance with the guidelines provided by Licensor.
IV. TERM
The term of this Agreement shall commence on the Effective Date and continue in full force and effect until terminated by either Party upon [00] days written notice.
V. ROYALTY AND COMPENSATION
Licensee agrees to pay Licensor a royalty fee for the use of the Assets. The royalty fee shall be [00]% of the net revenue generated from marketing and promotional activities that involve the Assets. Royalty payments shall be made on a quarterly basis, within [0] days following the end of each calendar quarter.
VI. CONFIDENTIALITY
Licensee shall keep all information related to the Assets and this Agreement confidential and shall not disclose any such information to third parties without the prior written consent of Licensor.
VII. TERMINATION
Either Party may terminate this Agreement with written notice in the event of a material breach by the other Party. Upon termination, Licensee shall cease using the Assets, and any outstanding royalty payments shall become immediately due.
VIII. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [State Name].
IX. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether oral or written.
X. SIGNATURES
IN WITNESS WHEREOF, the Parties hereto have executed this Marketing License Agreement as of the Effective Date.
[Signature]
[Licensor Name]
Licensor
Date: [Month Day, Year]
[Signature]
[Licensee Name]
Licensee
Date: [Month Day, Year]
Royalty Agreement
I. THE PARTIES
This Royalty Agreement ("Agreement") is entered into on this [Month Day, Year], hereinafter referred to as the "Effective Date," by and between:
[Your Company Name], a company duly registered under the laws of [Your Country], having its principal place of business at [Your Company Address], hereinafter referred to as the "Licensor."
And
[Licensee Name]., a company duly registered under the laws of Indiana, having its principal place of business at [Address], hereinafter referred to as the "Licensee."
The Licensor and the Licensee shall collectively be referred to as the "Parties."
II. BACKGROUND
A. Licensor is the exclusive owner of certain marketing assets, including but not limited to intellectual property, trademarks, logos, and promotional materials, hereinafter referred to as the "Assets."
B. Licensee desires to obtain a license to use the Assets for marketing and promotional purposes and has agreed to pay a royalty to Licensor for such use.
III. ROYALTY PAYMENT
In consideration of the Licensee's use of the Assets, Licensee agrees to pay Licensor a royalty fee equal to [00]% of the net revenue generated from marketing and promotional activities that involve the Assets.
IV. PAYMENT TERMS
Royalty payments shall be made on a quarterly basis, within [0] days following the end of each calendar quarter. Licensee shall provide a detailed statement of the revenue generated along with each royalty payment.
V. AUDIT RIGHTS
Licensor reserves the right to audit Licensee's financial records to verify the accuracy of the royalty payments. Such audits shall be conducted by an independent third-party auditor at Licensor's expense.
VI. CONFIDENTIALITY
Licensee shall keep all information related to the royalty payments and this Agreement confidential and shall not disclose any such information to third parties without the prior written consent of Licensor.
VII. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [State Name].
VIII. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether oral or written.
IX. SIGNATURES
IN WITNESS WHEREOF, the Parties hereto have executed this Royalty Agreement as of the Effective Date.
[Signature]
[Licensor Name]
Licensor
Date: [Month Day, Year]
[Signature]
[Licensee Name]
Licensee
Date: [Month Day, Year]
