ContractsFreeUpdated August 2026

Licensing Agreement Template

Licensing agreement template covering grant of license, licensed property, territory, royalties, quality control, term, and termination for intellectual property deals. Fill in the fields to customize your document, then open it in the editor to edit any text, use the AI assistant to rewrite, and export as PDF or Word.

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BrightWave Media Licensing
232 Lexington Ave, Suite 515, Chicago, IL 60601
hello@brightwavemedialicensing.com
+1 (555) 579-9353
LICENSING AGREEMENT
LICENSING AGREEMENT

This Licensing Agreement is made between Rebecca Hartley of BrightWave Media Licensing (the Licensor) and Daniel Osei of Vertex Consumer Goods Inc. (the Licensee) concerning the licensed property described below.

Parties

Licensor: Rebecca Hartley, BrightWave Media Licensing, 220 Creative Row, Los Angeles, CA 90028

Licensee: Daniel Osei, Vertex Consumer Goods Inc., 1800 Commerce Park, Columbus, OH 43215

1. Licensed Property

The licensed property consists of the SolarKids animated character brand and associated artwork, including all associated trademarks, copyrights, and know-how owned or controlled by the Licensor.

2. Grant of License

The Licensor grants to the Licensee an exclusive license to manufacture, market, and sell licensed merchandise featuring the property. The license is non-transferable and may not be sublicensed without the Licensor prior written consent.

3. Territory & Term

The license is limited to the following territory: North America. The term runs for 3 years, commencing October 1, 2026, and renews only upon mutual written agreement.

4. Royalties

The Licensee shall pay the Licensor a royalty of 6.5% on net sales of licensed products, subject to a minimum guaranteed royalty of $25,000.00 per year. The Licensee shall render quarterly royalty statements and permit the Licensor to audit its records.

5. Quality Control

The Licensee shall maintain quality standards consistent with samples approved by the Licensor. The Licensee shall submit samples of licensed products for approval before commercial distribution to protect the goodwill of the licensed marks.

6. Termination

Either party may terminate the agreement for convenience with 15 days written notice. Upon termination, the Licensee shall cease all use of the licensed property and dispose of remaining inventory only as the Licensor directs.

Signatures

Licensor Signature: Rebecca Hartley

Licensee Signature: Daniel Osei

All rights not expressly granted herein are reserved by the Licensor.
BrightWave Media Licensing

This free Licensing Agreement template is a ready-to-use document you can fill in, export and send today. Licensing agreement template covering grant of license, licensed property, territory, royalties, quality control, term, and termination for intellectual property deals. Use it to agree scope, money and ownership in writing before the work starts, so a disagreement in month six has an answer. Every field is editable, the preview updates as you type, and the finished file downloads as PDF or Word with no watermark and no sign-up.

Who this Licensing Agreement template is for

  • Freelancers and agencies engaging clients
  • Small businesses onboarding vendors or contractors
  • Anyone who has been burned by scope creep or a late payment

What's included in this Licensing Agreement template

  • Licensor name
  • Licensor company
  • Licensor address
  • Licensee name
  • Licensee company
  • Licensee address
  • Licensed property
  • Grant scope
  • Territory
  • Exclusivity
  • License term
  • Start date
  • Royalty rate
  • Minimum royalty
  • Quality control
  • Termination clause
  • Licensor signature
  • Licensee signature

How to use this Licensing Agreement template

  1. 1Name both parties by their full legal entity, not a trading name.
  2. 2List deliverables as nouns, then list what is explicitly out of scope.
  3. 3Set the fee, the payment schedule, and what happens when a payment is late.
  4. 4Say when intellectual property transfers — on final payment, not on delivery.
  5. 5Both parties sign and date, and each keeps a signed PDF.

Licensing Agreement: mistakes to avoid

  • The out-of-scope paragraph is the most valuable one in the document.
  • Tie your deadlines to the client's inputs: "within 10 business days of receiving brand assets".
  • Ask for portfolio rights explicitly. Clients rarely object, and asking later is harder.
  • Name a governing jurisdiction. "We'll sort it out" is not a dispute-resolution clause.

Frequently asked questions

Is this Licensing Agreement legally binding?

Once both parties sign and there is a clear offer, acceptance and consideration, an agreement of this kind is generally binding. Contract law is jurisdiction-specific, so have your standard version reviewed once by a lawyer where you operate — then reuse it.

Can I edit the clauses?

Yes, and you should. Delete what does not apply rather than trying to remember to add it. Deleting is safer than remembering.

When does the client own the work?

Whenever this document says so — and it should say on receipt of final payment, not on delivery. Until then you grant a licence, you do not assign ownership. That single clause is what lets you stop work if an invoice goes unpaid.

Do I also need a separate NDA?

Not if this agreement already contains a mutual confidentiality clause. A standalone NDA is worth signing earlier — during pitching or due diligence, before any contract exists.