The Manufacturing License Agreement is a legally binding contract, in which, one organization/person grants another organization/person the right to use their property/product in exchange for a royalty payment [compensation]. In some places, it is also referred to as Production License Agreement.
The Manufacturing License Agreement is a document which is brought into use if you own the rights to a particular product but would like to allow another party to manufacture it, or if you want the right to manufacture a product that belongs to another party.
Our legal veterans created a Manufacturing License Agreement sub-template defining the basic parameters like grant of the license, payment of royalty, modifications, and quality control.
The sub-template is entirely customizable so that you can modify it as peryour convenience. It is available for download in a number of formats. We have already done the hard work for you; all you need to do is spend 5 minutes to read, modify, and print the agreement. Please know that the text in the document has been examined and verified by a legal attorney.