Licensing Agreement | EULA | License fee | Licence agreement

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LICENSING AGREEMENT
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LICENSING AGREEMENT

• The term license is defined under the Indian
  Easement Act 1882 as permission granted for a
  particular activity on a property. A licensing
  agreement in simple words is a contract made
  between two parties where the owner of property
  permits another to use that property under
  certain conditions.
• The licensing agreement
  typically involves a licensor (Property owner)
  and a licensee (the person who is given the
  property). The property can be tangible or
  intangible.

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Types Of Licensing Agreement
There are different types of agreements in India.
Moreover, most of them are related to the basic
concept of such an agreement. Here are a few
types

1. Firstly, trademark agreement
2. Copyright agreement
3. Also, end-user licensing agreement in case of
   software
4. Music licensing
5. Service licensing
6. Brand licensing

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Benefits Of An Agreement

• Firstly, it gives authority to the party that
  owns the product
• The agreement also makes clear how to use the
  product/service.
• Lastly, the agreement protects the rights of all
  the parties involved.

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Contents of a Licensing Agreement

• Firstly, make sure to mention the duration of the
  agreement.
• The money involved.
• Also, the terms and conditions as per your
  requirements.
• Furthermore, make sure to mention a mechanism to
  resolve a
• dispute if it happens in the future.
• Guidelines to the Termination of the agreement
• Lastly, the terms of renewal. You can also add
  more clauses depending on your requirements.

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Documents Required for Registration
As per the law, the documents are required to be
submitted by attaching the same to a form named
Form 16. The documents to be submitted along with
it are

• A document which gives evidence of transfer of
  patent.
• The document affecting proprietorship or creating
  interest.
• Two copies of the assignment certified by the
  applicant.
• Any other document which may be required by the
  controller.

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Drafting Process
Drafting a licensing agreement is a
rigorous task to be least. Every phrase and
clause has to be written with the utmost
attention. While you can do it yourself or with
the help of an expert, thatll be far from your
best bet. At Taxolawgy you can find the
experts that suit your needs. We have the
cheapest options as well as the best ones in the
business. Furthermore, Taxolawgy believes in
little to no paperwork and the entire process is
online. The best part is that you get
all of this at a very reasonable rate.
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Registration Fees of Licensing Agreement
 E filing Natural persons and start-ups-
1600 Small entity, alone with natural persons or
start-ups etc. 4000 Others alone with natural
persons or start-ups or small entities
8000   Physical filing Natural persons and
start-ups- 1750 Small entity, alone with natural
persons or start-ups etc. 4400 Others alone
with natural persons or start-ups or small
entities- 8800  
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Risks of not making a licensing agreement
 The dangers are the same for both the licensors
and the licensee. With the help of an agreement
both the parties know how to approach an
intellectual property failing to make one puts
the parties in the danger of loss of time and
money along with a failure in business
negotiation.
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How does Taxolawgy help you with any issue
related to Will?
- Provides free consultation by our team of
experts - Connects with highly qualified
lawyers, who Help you draft Wills
hassle-free Solve all your queries
Help you submit the correct paperwork.
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