Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
The provisions for a license agreement are very complex, and you would need an attorney to make sure it is done correctly to protect you.
Please look at the sample license agreement below and tailor this for your needs.
General terms needed are:
location where the goods are to be claimed
Royalty fee paid to you for the license
Non solicit and Non Compete agreements should be ther also so they will not take future business from you
If you will allow them to manufacture and distribute the goods, make sure you have protection from them in regards XXXXX XXXXX IP property, which is more important, as they could copy your product and sell it other places.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).