ANNOTATED PATENT CROSS LICENSE AGREEMENTAnnotated Patent Cross License Agreement • December 2nd, 2017
Contract Provisions Comments THIS CROSS LICENSE AGREEMENT (this “Agreement”) is made as of (Month and day) , 20 (the “Effective Date”) by and between Party A, a , having a principal place of business at (“PARTY A”) and Party B, a , having a principal place of business at (“PARTY B”) (each, a “Party” and collectively, the “Parties”). Establishes the Effective Date. Establishes that this is a Cross License Agreement. RECITALSWhereas, PARTY A owns and has or may have, rights in certain intellectual property, including patent applications, to which PARTY B desires to acquire licenses;Whereas, PARTY B owns and has or may have, rights in certain intellectual property, including patent applications, to which PARTY A desires to acquire licenses;Now Therefore, in consideration of the mutual covenants and conditions herein set forth, it is agreed as follows: Recites that each party has patent applications that the other party desires to license. This includes patent applications, not just is
