License merchandising 2026

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The document is a License Agreement between Clean Water Technologies, Inc. (CWT) and the University of South Florida Research Foundation, Inc. (USFRF), effective September 1998. It grants CWT an exclusive license to use USF's technology for removing arsenic from water, developed by Dr. Dagmar Bonnin. The agreement outlines definitions, rights, obligations, license fees, royalties, patent prosecution responsibilities, sublicensing conditions, and termination clauses. CWT is required to pay initial and running royalties to USFRF and maintain product liability insurance while ensuring compliance with applicable laws.

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Click 'Get Form' to open the license merchandising document in the editor.
Begin by filling in the effective date at the top of the form. This is crucial as it marks the start of your agreement.
In Section I, define key terms such as 'USF Patent Rights' and 'Licensed Product'. Ensure you accurately describe any technologies involved.
Proceed to Section IV to input license fees and running royalties. Clearly state amounts and payment schedules for transparency.
Review Sections VI through XII carefully, ensuring compliance with all obligations, including record keeping and insurance requirements.
Finally, sign and date the document in the designated areas at the end of the form. Make sure all parties have their signatures before finalizing.

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