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Option to License Agreement

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This Option to License Agreement is intended for use by an Individual/Company (Grantor) to grant an option to acquire an exclusive, worldwide license to enforce Patent Rights and Technology Rights, to the a grantee subject to non-disclosure of confidential information and in consideration of payment by the Grantee to the Grantor. This document in its draft form contains standard clauses commonly used in this type of option. Additional language may be added to allow for customization of this document. Use this document when wanting to grant or receive an option to acquire an exclusive, worldwide license to enforce patent rights and technology rights to a grantee subject to certain conditions.

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