Powerweb has been selling and licensing patents for over 20 years. A patent license agreement is a contract between Powerweb who is the owner (licensor) and a licensee that defines the terms under which the licensee may make, sell, and use a patented invention. The agreement also provides how royalties will be paid to Powerweb. There are several structures that can be designed to meet the needs of each party.
Below is a sample of a typical license agreement.