When it comes to licensing agreements, a letter of intent is often the first step in negotiations between the licensor and licensee. This letter serves as a preliminary agreement that outlines the key terms and conditions of the licensing agreement. In this article, we will provide a sample letter of intent for a license agreement.

[Your Company Name]

[Your Address]

[City, State ZIP Code]

[Date]

[Licensee Name]

[Licensee Address]

[City, State ZIP Code]

Dear [Licensee Name],

We are pleased to express our interest in entering into a licensing agreement with your company for the use of our [product/service]. This letter serves as a preliminary agreement and outlines the key terms and conditions that we propose for the license agreement.

Terms of Agreement:

1. Description of Licensed Product/Service: [Insert description]

2. Scope of License: [Insert details of the scope of the license, including any limitations or exclusions]

3. Territory: [Insert the geographical area where the licensed product/service can be used]

4. Duration: [Insert the length of the license agreement]

5. Consideration: [Insert the amount of compensation to be paid for the license, including any royalties or upfront payments]

6. Reporting Requirements: [Insert the details of how the licensee will report the usage and performance of the licensed product/service]

7. Termination: [Insert the circumstances under which the license agreement can be terminated]

8. Governing Law: [Insert the governing law that will apply to the license agreement]

This letter of intent is not binding and is subject to the negotiation and execution of a formal licensing agreement. It is our intention to negotiate the terms of the license agreement in good faith and to reach an agreement that is satisfactory to both parties.

Please let us know if you have any questions or concerns regarding this letter of intent. We look forward to working with you on this licensing agreement.

Sincerely,

[Your Name]

[Your Title]

[Your Company Name]