Fill and Sign the Licensee Template Form

Agreement for Exhibition of Unpatented Invention to Prospective Purchaser or Licensee Agreement made on the ________________________________ (date) , between ______________________________________ (Name of Inventor) of ______________ ________________________________________________________________________ (street address, city, county, state, zip code) , hereinafter called Inventor , and ___________________________________ (Name of Potential Purchaser of Licensee) , a corporation organized and existing under the laws of the state of __________________, with its principal office located at ____________________________________________ ___________________________________________ (street address, city, county, state, zip code) , referred to herein as Prospective Purchaser ; Whereas, Inventor represents that he has developed a prototype of ( description of Invention) ______________________________________________________________ ________________________________________________________________________ _______________________________________________________________________ , hereinafter called the Invention , and that he is the absolute owner of the Invention ; and Whereas, the Invention is acknowledged by both parties to be the exclusive property of Inventor ; and Whereas, Inventor desires to exhibit the Invention to Prospective Purchaser and Prospective Purchaser desires to examine the Invention with a view to either purchasing it or a license allowing Prospective Purchaser certain rights in and to the Invention ; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Exhibition of Invention On the execution of this Agreement, Inventor shall exhibit the Invention to Prospective Purchaser at (e.g., the place of business of Prospective Purchaser) _______ ________________________________________________________________________ _______________________________________________________________________ . 2. Confidentiality Prospective Purchaser will neither use any information relating to the Invention commercially, nor disclose any such information under any circumstances to any person who is not (e.g., its officer or employee) _______________________________ , except as authorized by Inventor . 3. Secrecy Concerning Invention Prospective Purchaser will use its best efforts to keep all information relating to the Invention secret. Accordingly, Prospective Purchaser will require the execution of a secrecy agreement substantially identical to this Agreement by any person to whom information relating to the Invention is disclosed, and such agreement shall be executed prior to any such disclosure. 4. No Obligation to Purchase Prospective Purchaser will incur no obligation to purchase the Invention by execution of this Agreement. 5. Return of Materials All materials, including the Invention, exhibited by I nventor pursuant to this Agreement shall be returned to Inventor on or before _____________________________ (date) , or on demand by Inventor at any time prior to that date. WITNESS our signatures as of the day and date first above stated. ________________________________ (Name of Prospective Purchaser) By: _____________________________ ______________________________ ________________________________ ______________________________ (P rinted or typed name) Name and Signature of Inventor ________________________________ (Name and Office in Corporation)