These are just some of the most important clauses. Always read the template carefully to ensure your rights are properly protected.
Without a licensing agreement in place, a licensee who is using intellectual property could get into legal trouble if the owner of that property decides to press charges. The licensor loses time and money by having to pursue legal action against the licensee who is not operating under the terms of an agreement. Both the party using the intellectual property and the party who owns it will spend time, effort, and mental energy to work through this problem. The licensee can also end up in a legal battle for infringement of copyright or other protections. If an agreement about licensing is on the table, it’s always better to use a licensing agreement template.
Once all the terms of a license agreement template are complete, you must sign it. Both the licensee and the licensor need to sign it and include their contact information. It also should have a witness signature. If you are making this agreement remotely, useNitro Sign to securely send and sign your agreement to collect the proper signatures and make it all official and legal.
