Licence/royalty agreement for use of intellectual property . Specific percentage return of a royalty to use/sell someone's intellectual property under licence. Based on turnover of sales for intellectual property/product. Sample "1. DESCRIPTION OF INTELLECTUAL PROPERTY ?a9? is the supplier of ?a5? . ("Intellectual Property" includes the names and styles and all trade marks, logos, service marks, trade names, business names, copyrights, designs, patents, inventions, processes and other technical know-how, confidential information and other rights in industrial property and applications for them or licence agreements or other arrangements under which a person has the right to use any of them). 2. GENERAL 2.1. ?a9? has informed ?a10? that it may give certain personal information about ?a10? to a credit reporting agency. 2.2. ?a10? agrees to ?a9? 's checking personal information about ?a10? with any referees or credit providers for any of the following purposes. ? to assess credit worthiness; ? to assess an application for credit; ? to avoid defaulting on credit obligation; ? the collection of overdue payments; ? to notify a default to ?a10? . ?a10? understands that this information can include any information about ?a10?'s credit worthiness, credit sharing, credit history or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act. 2.3. ?a10? consents to ?a9? obtaining from a credit reporting agency a credit report about ?a10? at ?a10?'s cost. 2.4. In consideration for payment of the royalty, ?a9? grants to ?a10? a non-exclusive licence to utilise the Intellectual Property from the Commencement Date and on the terms and conditions of this Agreement. 2.5. ?a10? has read and fully understands these conditions and agrees to be bound by them. 3. COMMENCEMENT DATE This Agreement commences ??????????"
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Licence/royalty agreement for use of intellectual property
