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IP Licence Agreement — Epsilon Labs
ApprovedClauses
1. Grant of Licence
Non-exclusive (default)
Exclusive (territory)
accepted
Note: We need exclusivity in our territory to justify the investment.
2. Scope and Restrictions
Standard restrictions (default)
accepted
3. Royalties
Fixed fee (default)
Royalty-based
Hybrid
accepted
Note: Hybrid model works best for us given the upfront development costs.
4. Term and Termination
Standard (default)
accepted
5. Warranties
Standard (default)
accepted
Approval
You (owner)
✓ Approved
Counterparty
Pending