This agreement establishes a relationship between a manufacturer and a licensee, with the owner granting the licensee a license to manufacture and sell its products, while granting licenses for all intellectual property rights (registered or other) necessary for the manufacture and sale of the products. A licensor will try to make the most money from the agreement of a particular design, while a licensee tries to keep costs low. An inventor may choose to manufacture the product himself or through a third party to manufacture the product for his company. If increased demand and cash flow are not readily available to meet the high production demand, an inventor may concede the product.
Product Manufacturing License Agreement