Prepare a Product License Agreement
with this easy-to-use template for Canada, under which the owner ⁄ inventor of certain products grants an exclusive license to a distributor to assemble, sell and distribute the products across the country.
- The license extends to all subsequent modifications and improvements of the products.
- The licensee will pay a fixed license fee and a continuing royalty calculated as a percentage of the gross sales price.
- The licensee has the right to grant sub-licenses.
- Products of the licensee and sub-licensees must meet quality standards set by the licensor.
This Canada Product License Agreement
template is provided in MS Word format.