Hidden
**PATENT LICENSE AGREEMENT**
THIS AGREEMENT (hereinafter referred to as the "Agreement"), made effective this ________ day of ________, ________ (the "Effective Date"), by and between __________, a company incorporated under the laws of the Republic of India, having its registered office at __________, (hereinafter referred to as the "Licensor") and __________, a company incorporated under the laws of the Republic of India, having its registered office at __________, (hereinafter referred to as the "Licensee").
WHEREAS, Licensor is the owner of certain patents and patent applications as defined below;
WHEREAS, Licensee desires to obtain certain rights to practice these patents and patent applications;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
**1. DEFINITIONS**
**2. GRANT OF LICENSE**
**3. CONSIDERATION**
**4. PAYMENTS**
**5. TERM AND TERMINATION**
**6. PATENT MARKING**
**7. WARRANTIES AND REPRESENTATIONS**
**8. INDEMNIFICATION**
**9. INFRINGEMENT AND DEFENSE OF CLAIMS**
**10. IMPROVEMENTS**
**11. CONFIDENTIALITY**
**12. FORCE MAJEURE**
**13. DISPUTE RESOLUTION**
**14. ASSIGNMENT**
**15. NOTICES**
**16. INDEPENDENT CONTRACTORS**
**17. GOVERNING LAW**
**18. SEVERABILITY**
**19. WAIVER**
**20. ENTIRE AGREEMENT**
**21. AMENDMENTS**
**22. COMPLIANCE WITH LAWS**
**23. PUBLICITY**
**24. NO IMPLIED LICENSES**
**25. NO AGENCY**
**26. RESERVATION OF RIGHTS**
**27. AUDIT RIGHTS**
**28. INTELLECTUAL PROPERTY**
**29. SURVIVAL**
**30. COUNTERPARTS**
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, administrators, successors and assigns.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
______________________
Licensor
______________________
Licensee
**Note: This is a general template and may need to be tailored to specific circumstances. Always consult with a legal professional before entering into any legal agreements or contracts. The above template does not constitute legal advice.**