Invention agreement: Fill out & sign online

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Click ‘Get Form’ to open the Invention Nonexclusive License Agreement in the editor.
Begin by filling in the date at the top of the form, followed by the names and addresses of both the Licensor and Licensee. Ensure accuracy as this establishes the parties involved.
In Section 1, provide definitions for 'Licensed Patents', 'Licensed Invention', and 'Licensed Product'. This section clarifies key terms that will be referenced throughout the agreement.
Proceed to Section 2 to outline the grant of license. Specify that Licensor grants a nonexclusive license for manufacturing, using, and selling the licensed invention.
In Section 3, indicate the royalty percentage that Licensee will pay to Licensor based on net selling prices. Be clear about how net selling price is calculated.
Complete Sections 4 through 25 by providing necessary details regarding payment schedules, cooperation requirements, reporting obligations, and other legal stipulations outlined in each section.

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