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License of Rights under Patent template - Download from Legal-Copyrights, Patents and Trademarks

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Document Sample
Patent Licensing Agreement Description:
A patent licensing agreement is legally allowed contract among two parties, termed as licensor and the licensee. In a usual licensing contract, the licensor awards licensee right to create and trade goods, bring out the brand name by means of trademark or by usage of patented knowledge possessed by the licensor. In conversation, the licensee generally submits to a sequence of circumstances regarding the use of the licensor's assets and decides to make expenses recognized as royalties. A patent license agreement sample for an invention is the grant of a property factual to the inventor, delivered by the federal activity charged with managing patent laws.
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