This Letter of Intent to License Technology sets forth two or more parties intent to agree to a license for technology. This intent letter sets forth the specific technology to be licensed and the fee paid for this license. It also sets forth the territory in which the technology may be used, closing date of this transaction and any documentation which must be signed prior to closing. It is vital that this letter of intent be clearly set forth in writing. A written Letter of Intent to License Technology will prove invaluable in the event there are questions or concerns surrounding the license of the technology.

This Letter of Intent to License Technology contains the following:

• Parties: Sets forth the parties to this intent letter;
• Purpose: This letter summarizes discussions and agreements between the parties regarding the technology license and will act as a permanent agreement until superseded by a formal written agreement;
• Financial/Contractual Terms: Sets forth the license fee to be paid upon agreement execution, payment of any future fees for patents and additional fees to be invested for further research and development;
• Closing Conditions: Conditions which must be met prior to closing including execution of a license agreement, research agreement and financing and investment arrangements;
• Term/Termination: Sets forth the initial term of the arrangement, how this agreement can be renewed and procedures for termination;
• Signatures: All parties must sign this letter of intent.

Protect yourself and your rights by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Letter of Intent to License Technology

State Law Compliance: This form complies with the laws of all states