This template license agreement can be used to license a product or intellectual property such as software. The license agreement grants a company or person permission to use a product or software for a particular purpose, in exchange for a fee. This template contains the full range of standard license agreement clauses, for example the the term of the license, fees, and termination, as well as many useful provisions, for example restrictions and limits on usage, intellectual property ownership, and confidentiality.
This detailed 9-page template license agreement, which is available for immediate download (no sign-up necessary), has a number of detailed clauses on warranties and liability in favour of the licensor, for example limiting the licensor’s liability in the event of a product failure or events beyond reasonable control. The template is designed to be flexible and expandable too, for additional or individual requirements.
Contents of the License Agreement Template
- Title, date, parties, recitals
- Definitions and interpretation, including defining a purpose for the use of the product or software
- Term, the length of the license
- Grant of rights
- Restrictions, for example preventing the licensee from copying, redistributing, reverse-engineering, or otherwise using the product other than for the defined purpose
- Ownership, covering the ownership of the product and intellectual property
- Auditing, requiring parties to maintain accurate records relating to the use of the product
- Termination, including reasons for termination and effects of termination
- Representations and warranties, for example warranting that each party has the right to enter the agreement, and expressly providing no warranty for fitness for purpose (of the product)
- Liability and indemnification, for example limiting liabilities relating to the use of the product
- Confidentiality, preventing each party from disclosing confidential information shared as part of the licensing arrangement
- Force majeure
- Miscellaneous, for example methods of notice, statement of entire understanding, waiver, enforceability, and jurisdiction
- Schedule – Product, setting out the full details of the product
- Schedule – Fees, outlining the entire fee structure
FREE Sample of the License Agreement Template
Download a FREE sample of this license agreement template to check that it is what you are looking for before buying.