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Patent Acquisition and Exclusive License Term Sheet

Book Publication Date: Jun 2013
Description: This form is a template for a term sheet related to the acquisition of certain assets and an exclusive license of patented technology related to those assets. This type of form would be used prior to the signing of a binding acquisition agreement and license agreement to set out basic terms subject to negotiation.
Type: Contract Clauses, Contracts
PLI Item #: 57904
Practice Area: Intellectual property, Patents

Keywords: patent; copyright; trademark; "good will"; technology; "intellectual property" license; "exclusive license"; acquisition; "term sheet"; buyer; seller; "know-how"; "acquisition agreement"; "technical assistance"; "covenant not to sue"; "milestone payments"; "signing fee"; "licensing fees"

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