Sample License Agreement

The Sample License Agreement is an agreement between a ‘product’ owner (the "licensor") and another person or business entity (the "licensee") in which the licensor gives permission to the licensee to use the ‘product’ for an agreed purpose such as placement in the website or different distribution channels of the licensee. The Sample License Agreement essentially spells out the parties names, identification of the ‘product’ that are the subject of the agreement, the specific right or rights to be licensed, the type of medium where the product is to be used, the authorized purposes, the licensing fee or royalty applicable and the various warranties of both parties with regard to ownership of the product.

SOURCE: Sample License Agreement