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In a licence agreement you confirm that you have given the other party the permission to use your invention, work, trademark and/or design, manufacture or market your product under certain conditions. You agree that you shall not invoke your rights and that, provided the other party observes the conditions stated in the agreement, he shall have the right to use your invention, work, trademark and/or design.
A licence agreement has several peculiarities and specific legal pitfalls. Therefore, we kindly advise you to have a lawyer prepare your license agreement, pointing out the important stipulations that you should bear in mind.
If you have prepared your own licence agreement and would like us to analyse it for you, please feel free to contact our lawyers.