A royalty agreement is used when a transaction involving intellectual property occurs. It is a document concerning two parties, typically referred to as a licensor and licensee, granting the licensee the right to use intellectual property for a predetermined length of time. A royalty is a payment made for the sale or use of an intellectual product.
Such an agreement may be utilized for the use of a company’s name or trademark, such as if a vendor wanted to display a certain company’s logo on their website or marketing materials. A developer of an invention may sell their product to a corporation and receive a royalty for each sale of their product for a lifetime set by their mutual agreement.
The document covers the royalty amount to be paid to the company and what date the royalty should be paid by the licensee.
These documents also may include the term length of the agreement, the scope of use for the licensee, what constitutes as authorized use, as well as confidentiality clauses. Indemnification information, particularly on agreements for consumer products, is often included in a royalty agreement as well.
Here are some royalty agreements currently available on RealDealDocs.com:
1) Royalty Agreement Year: 2010 Governing law: Florida
Osi Restaurant Partners, LLC
Carrabba Woodway, Inc.
Carrabba, Inc.
Carrabba’s Italian Grill, Inc.
Carrabba’s Woodway, Inc.
2) Amended Overriding Royalty Agreement Year: 2011 Governing Law: Kentucky
Armstrong Resource Partners, L.P.
Armstrong Coal Company, Inc.
Armstrong Land Company, LLC
Armstrong Mining, Inc.
Ceralvo Holdings, LLC
Western Diamond, LLC
Western Land Company, LLC
3) Distributorship And Sales Agency And Royalty Agreement Year: 2009 Governing Law: Nevada
MEGOLA INC
Silverfox, LLC
Vulcan Technologies, LLC
4) Exclusive License/Royalty Agreement Year: 2012 Governing Law: California
IDS Solar Technologies, Inc.
IDS Solar Technologies, Inc.
SP Innovations, Inc.
5) Royalty Agreement Year: 2006 Governing Law: New York
Clearwire Corp.
Fixed Wireless Holdings, LLC
Hispanic Information And Telecommunications Network, Inc.