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Patent Exclusive License Term Sheet


Book Publication Date: Jun 2013
Description: This form is a template for a term sheet related an exclusive license agreement for patented technology. 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 #: 57905
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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