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Agreement

Patent Licensing Agreement

A patent licensing agreement grants a licensee the right to work a patented invention in return for royalties.

PATENT LICENSING AGREEMENT

This Agreement is made on [Date] between [Licensor] and [Licensee]

  1. Parties. This Patent Licensing Agreement is executed between [Licensor], [Address] (the "Licensor") and [Licensee], [Address] (the "Licensee").
  2. Recitals. The Licensor owns the Patent described herein and has agreed to grant the Licensee a licence to work the same on the terms herein.
  3. Licensed Patent & Consideration. The Licensor grants a licence to Patent No. [Patent Number] for a licence fee/royalty aggregating Rs. [Amount], effective [Effective Date].
  4. Grant & Scope. The licence is [exclusive / non-exclusive], to make, use and sell the patented invention within [Territory] for the Field of Use.
  5. Royalty & Obligations. The Licensee shall pay a running royalty of [__]% of net sales, with quarterly statements and payments, subject to applicable withholding tax.
  6. Sub-licensing. The Licensee shall not sub-license the Patent without the Licensor's prior written consent.
  7. Representations & Warranties. The Licensor warrants that it owns the Patent, that it is subsisting and in force, and that it is entitled to grant the licence.
  8. Confidentiality. The Licensee shall keep confidential all technical information disclosed in connection with the Patent.
  9. Infringement. The Licensee shall notify the Licensor of any infringement; the Licensor shall have the primary right to take action to protect the Patent.
  10. Maintenance. The Licensor shall maintain the Patent in force by paying renewal fees during the term of this Agreement.
  11. Term & Termination. The licence continues until the Patent expires or for [__] years, terminable on material breach or non-payment of royalty.
  12. Governing Law & Jurisdiction. This Agreement is governed by the Patents Act, 1970 and the laws of India, subject to the jurisdiction of courts at [City].
  13. Dispute Resolution. Disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].

IN WITNESS WHEREOF the parties have executed this Agreement on the date first written above.

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[Licensor]
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[Licensee]
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Witness 1: [Name & Address]
___
Witness 2: [Name & Address]

Before you use it — fill in / check

  • Licensor
  • Licensee
  • Licence fee/consideration
  • Effective date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.