The Patent License Agreement for Matrix Pharma Inc. was made available today by online legal document provider RealDealDocs.com.
An exclusive patent license agreement was entered into between Matrix Pharma Inc. and SafeTek International over the use of therapeutic Thrombin Inhibitor compounds. For an example of a non-exclusive patent license agreement, the Palomar Medical Technologies agreement with Cynosure Inc. is also available on RealDealDocs.com.
In a patent license agreement one party (licensor) grants to another party (licensee) for consideration the revocable right to perform an act that would otherwise be illegal without the licensor’s permission. The act in question is use of the licensor’s patented invention. The grant of permission, called a license, may be exclusive or non-exclusive and is limited in scope and duration. The licensee receives the benefit of using the licensor’s invention, and the licensor gets a royalty fee for this use. Generally, with certain industries excepted, a licensor can expect to get a fee of five percent of the licensee’s net sales.
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