The Royalty Agreement Template – Canada is offered in a variety of formats, including PDF, Word, and Google Docs. These formats are designed to be both modifiable and print-ready, ensuring convenience for your requirements.
Royalty Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Grant of License 4. Royalty Structure 5. Payment Terms 6. Obligations of the Licensee 7. Duration of Agreement 8. Termination Conditions 9. Confidentiality Obligations 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Licensor’s Name]
[Licensor’s ID]
[Licensor’s Address]
[Licensor’s Phone]
[Licensor’s Email]
[Licensee’s Name]
[Licensee’s ID]
[Licensee’s Address]
[Licensee’s Phone]
[Licensee’s Email]
This Royalty Agreement (“Agreement”) establishes the licensing terms between [Licensor’s Name] and [Licensee’s Name] for the use of intellectual property, effective from [Start Date].
The Licensor grants the Licensee the right to use [describe the intellectual property] in Canada for the duration of this Agreement.
The Licensee agrees to pay a royalty of [percentage]% of gross revenue generated from the sale of products incorporating the intellectual property, payable on a quarterly basis.
The Licensee must provide detailed sales reports to the Licensor on a quarterly basis, including total sales and calculation of royalties due.
This Agreement shall commence on [Start Date] and continue for [duration], unless terminated by either party with [Notice Period] written notice.
All rights, title, and interest in the intellectual property remain with the Licensor, with the Licensee acquiring only the rights expressly granted herein.
This Agreement will be governed by the laws of the Province of [specific province], Canada.
[Licensor’s Signature]
[Licensor’s Name]
[Licensee’s Signature]
[Licensee’s Name]
[Licensor’s Name]
[Licensor’s ID]
[Licensor’s Address]
[Licensor’s Phone]
[Licensor’s Email]
[Licensee’s Name]
[Licensee’s ID]
[Licensee’s Address]
[Licensee’s Phone]
[Licensee’s Email]
This Agreement details the rights granted by the Licensor to the Licensee for the use of [specific intellectual property], effective from [Start Date].
The Licensee is granted a non-exclusive license to utilize the intellectual property for [specific purposes], limited to the territory of Canada.
Royalties shall be calculated on a [monthly/quarterly] basis, based on the net sales derived from the licensed products, with an advance payment of [amount] required upon signing.
The Licensor retains the right to audit the Licensee’s financial records for compliance with the royalty obligations, after providing reasonable notice.
Upon termination, the Licensee shall cease all use of the licensed intellectual property and return all materials related to the License within [number] days.
The Licensee shall indemnify the Licensor against any claims arising from the Licensee’s use of the intellectual property.
This Agreement will be governed and construed in accordance with the laws of [specific province], Canada.
[Licensor’s Signature]
[Licensor’s Name]
[Licensee’s Signature]
[Licensee’s Name]
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