Model Contract for know-how Licensing Appendices
License contract for patent and technology
Licensor guarantees that Licensor is the legitimate owner of all the Patented Technology and Documentation supplied by Licensor to Licensee in accordance with the Contract
Licensor agrees to grant a license to Licensee to adopt Improvement made by Licensor in the validity period of Contract.
Licensor shall not prohibit Licensee from using Know-how and Improvement after the expiration of Contract.
Whereas Licensor has the right and agrees to grant Licensee a license to exploit Know-how in connection with Contract Products
"Whereas Licensee desires to obtain a license for exploiting Know-how to manufacture, use and sell Contract Products"
Licensor guarantees that qualified Contract Products as specified in Appendix 1 can be manufactured by exploiting Know-how at Job Site.
The Buyer is entitled to make any improvements on the licensed patent and/or know-how in the exploitation thereof.