T

THIS AGREEMENT is made the ______ day of _________, 20___

BETWEEN: [Name] [ACN if Corporation] of [Address] (“the Licensor”)¹

AND: [Name] [ACN if Corporation] of [Address] (“the Licensee”) ¹

RECITALS

A.        The Licensor is the holder of certain patents, and trade secrets with respect to the manufacture and sale of [name of product] including patents/trade secrets with respect to the equipment used to manufacture [name of product].
B.        The Licensee desires to manufacture [name of product] and has sought a licence to use the Licensor’s patents and trade secrets for that purpose.
C.        The Licensor has agreed to grant the licence sought on the following terms and conditions.