Licence Agreement

Intellectual Property.

For the purpose of this Agreement, the 'Intellectual Property' means

.

Licence.

The Licensee is granted a

licence of the Intellectual Property (the 'Licence').

The Licence is granted

following restrictions on the use:

;

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Sublicence.

Licensor

grant sublicences

following limitations:

;

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Term of Agreement.

The term of this Agreement (the 'Term') will begin on the date of this Agreement and will remain in full force and effect

.

may terminate this Agreement prior to the _____.

In the event that either Party wishes to terminate this Agreement prior to _____ , that Party will be required to provide

written notice to the other Party.

Fee.

Is the Licence granted free of charge?

For the Licence the Licensee will pay

payment (the 'Licence Fee') to the Licensor of

+ In Words.

The Licence Fee

Value Added Tax (VAT).

Payment Conditions.

Choose Fee Payment Options:

The Licensee will pay the Licence Fee by

.

Penalties for Late Payments.

Any late payments will trigger a fee of

% per

on the amount still owing.

Assignment.

The rights and obligations of the Licensor as existing under this Agreement

be assigned in whole or in part to a third party , without the prior written consent of the Licensee.

The rights and obligations of the Licensee as existing under this Agreement

be assigned in whole or in part to a third party , without the prior written consent of the Licensor.

Should any Party be indemnified?

Indemnification.

Information shall be kept confidential by

Confidential Information.

The Confidential Information will include all data and information relating to the business and management of any Party , including but not limited to:

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The Confidential Information of each Party will not include information that:

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Each Party may disclose any of the Confidential Information:

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Notice.

All notices or other communications shall be deemed given upon personal delivery to the appropriate address, or if sent by certified or registered mail,

days after the date of mailing to the following:

To: Licensor.

Individual Name:

.

Phone:

.

Email:

.

To: Licensee.

Individual Name:

.

Phone:

.

Email:

.

Force Majeure.

Notwithstanding the preceding, in the event such Force Majeure continues for a period of

consecutive months, either party shall have the right, but not the obligation, to serve a written notice on the other terminating this Agreement in full and each shall have no further obligation whatsoever to the other save that Company shall continue to be obliged to make payments of monies due hereunder but not paid at the date of termination.

Applicable Law.

Pronouns; Statutory References.

Interpretation.

References to this agreement.

Exhibits.

Cooperation.

Severability.

Paragraph Headings.

Counterparts.

Entire Agreement.

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