License agreement short forms are summarized and shortened versions of standard license agreements. Although this legal form can be created using only a single sheet of blank document, it is effective for laying out the terms, considerations, and conditions for the involved parties. However, just like a standard license agreement, the shortened form must be reviewed and agreed by both parties and not only by the licensor who is the holder of the license certificate. Nevertheless, it is important to also acknowledge the rules, regulations, and laws governing the agreement in a particular State or country.
Cutting down statements and some portions of a basic license agreement form can be easily done especially with the guidance and knowledge of a legal attorney. Moreover, below are some of the license agreement short forms that licensors and licensees can use:
Copyright License Agreement Short Form – This variety of a license agreement short form contains three pages. Primarily, this variety is essential to be used for licensing publications of different sorts ranging from books to computer software applications. In a copyright license agreement short form, the involved parties will be able to define their individual roles and obligations in protecting the material from being used without the legal permission of the owner. Also, the description of the material or work which will be protected by the copyright law and agreement is necessary to be included in the form. Furthermore, the author, the licensee, and an authorized officer who will be recording the copyright agreement of the parties involved must affix their signatures on the form along with the date of when the agreement was finalized and distributed.
Non-Exclusive Trademark License Agreement Short Form – If the purpose of a license holder is to permit a protect his created logo, symbols, and other signs related to his business or owned by him, he can use a non-exclusive trademark license agreement short form. This document will collect the general information of the involved parties such as the names of the licensor and the licensee along with their individual addresses. The effective date of when the license protection or the agreement will be executed is also stated in the form. Other factors which are also included in the form are the payments and fees that the licensee have agreed to pay and the license applications which will be protected by the agreement.
Patent License Agreement Short Form – For those who have invented machines and other mechanical matters which can be used for the benefit of a population, a patent protection is important to be obtained. For this, a patent license agreement short form must be used by the patent-holder or the inventor. This shortened agreement will be able to protect his invention from being used by anyone who is not legally permitted by him. In the agreement form, the patent-holder can define his exclusions and his considerations along with a few exhibits which will be for describing the type of invention as the patent subject. Details regarding the patent’s serial number, copyright registration number, and even a disclosure report are included in the form.
Trademark License Agreement Form – Compared to the aforementioned non-exclusive trademark license agreement form, this type of license agreement will no longer allow the license holder to distribute his trademark to other parties and entities. This means that when a party obtains the trademark license, he is allowed to exclusively use the trademarked properties by himself and without the fear of having other organizations use the properties, logos, and names that he currently has.
Regardless of the type or variety of license agreement short form, there are important aspects and contents which should be incorporated for any variety. The following contents are some examples of what needs to be considered to include by license holders in their agreement short forms:
When creating a license agreement short form, there are specific tips and tricks to keep in mind in order to ensure that the created document will be effective and beneficial, not only for the licensor but for the licensee as well. Below are the tips that licensing parties must take note when finalizing any type of shortened license agreement form:
License agreements are considered as legal forms since it deals and focuses on protecting a material, invention, product, and the ownership rights of the license holder. And since the document to be created by the involved licensing parties are to be shortened, keeping discussions concise and direct to the point will contribute to an efficient summary of the agreement. Also, the definitions of each word and phrase used in the form which may have two meanings should be indicated in the form. This helps in assuring that both parties have a universal understanding of the statements in the form.
The making of a license agreement short form must not only be assigned to one party but should also involve the ideas and concerns of the other parties who will be signing the form as well. With this, all parties must meet, negotiate, construct, review, and finalize the form. A legal attorney and a notary public can also help the parties towards achieving a sustainable and profitable agreement for using the licensed products and rights.
This refers to the “what-ifs” of an agreement. By determining circumstances which can lead to the failure or even the difficulty of executing the agreement, the parties will be able to address immediate resolutions to ensure that the agreement will remain to be mandated.
Every State and country will have different documentation requirements and regulations when it comes to transferring and licensing products. For this, all involved parties should be knowledgeable about the rules of a State along with the specific forms, exhibits, and inclusions to be attached in the agreement before it will be executed. Examples of document requirements are current license certificate forms of the licensor, records of distribution, and even registration forms which should be up to date.
Once the agreement is finalized by the parties involved, a notary public should be hired by the licensor to incorporate a notary stamp or seal in the license agreement short form. The seal is a certification and a validation that the signed agreement of the licensor and the licensee are legal and binding. Moreover, the notary public also has an important role in recording the agreement of the involved parties in the records of the State.