Terms Of The License Agreement
As noted above, the licensee generally pays royalties to the licensor. There may be an initial advance on royalties, and then the ongoing license fees are based on sales. Royalties can be paid on the basis of a percentage of turnover or a lump sum. Think about the most appropriate method for both parties (and don`t forget about inflation and exchange rates). Access to innovation at Harvard should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees work with you to help you achieve your business goals. To give you an idea of how these licenses take shape, we are happy to provide you with a number of model agreements here. If you have any questions about these models, please contact us. The exact language of the grant must be indicated.