INTELLECTUAL PROPERTY LICENSE AGREEMENT

This Agreement is made as of {{EFFECTIVE_DATE}}, by and between:

{{LICENSOR_NAME_ADDRESS}} (hereinafter referred to as "Licensor"),

and

{{LICENSEE_NAME_ADDRESS}} (hereinafter referred to as "Licensee").

1. GRANT OF LICENSE

Licensor hereby grants to Licensee a non-exclusive, non-transferable license to use the intellectual property described below (the "IP").

[[IF:IP_DESCRIPTION]]
(a) Description of IP: {{IP_DESCRIPTION}}
[[ENDIF]]

2. SCOPE OF USE

[[IF:SCOPE_OF_USE]]
The Licensee is permitted to use the IP solely for the following purpose(s): {{SCOPE_OF_USE}}.
[[ENDIF]]

3. TERRITORY AND TERM

[[IF:TERRITORY_OF_USE]]
This license is valid only within the following territory: {{TERRITORY_OF_USE}}.
[[ENDIF]]

[[IF:DURATION_OF_LICENSE]]
This license shall be valid for the following term: {{DURATION_OF_LICENSE}}.
[[ENDIF]]

4. COMPENSATION

[[IF:LICENSE_FEE]]
In consideration for the rights granted herein, Licensee shall pay Licensor a fee of {{LICENSE_FEE}}.
[[ENDIF]]

5. ATTRIBUTION

[[IF:ATTRIBUTION_REQUIREMENTS]]
All uses of the IP must include the following credit/attribution: {{ATTRIBUTION_REQUIREMENTS}}.
[[ENDIF]]

6. OWNERSHIP

Licensor retains all right, title, and interest in and to the IP. This agreement does not transfer any ownership rights to the Licensee.

7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{GOVERNING_LAW}}.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.


LICENSOR:
_________________________
(Authorized Signature)
For: {{LICENSOR_NAME_ADDRESS}}


LICENSEE:
_________________________
(Authorized Signature)
For: {{LICENSEE_NAME_ADDRESS}}
