Canada Product License Agreement

Prepare a Product License Agreement with this easy-to-use template for Canada, under which the owner ⁄ inventor of certain products grants an exclusive license to a distributor to assemble, sell and distribute the products across the country.

• The license extends to all subsequent modifications and improvements of the products.
• The licensee will pay a fixed license fee and a continuing royalty calculated as a percentage of the gross sales price.
• The licensee has the right to grant sub-licenses.
• Products of the licensee and sub-licensees must meet quality standards set by the licensor.

This Canada Product License Agreement template is provided in MS Word format.