OEM / EMBEDDED SOFTWARE AGREEMENT
This Agreement (the "Agreement") is made as of ____________________________ (the "Effective Date") by and between:
Party One: _______________________________________________
Address: _______________________________________________
Party Two: _______________________________________________
Address: _______________________________________________
Each a "Party" and together the "Parties."
1. License Grant
Licensor grants OEM a non-exclusive license to embed Software in OEM Products listed in Schedule A.
2. Manufacture & Distribution
OEM may manufacture and distribute OEM Products with embedded Software worldwide.
3. Royalties & Fees
OEM shall pay royalties per Schedule B, reported quarterly.
4. Quality Assurance
OEM agrees to adhere to Licensor quality standards and allow inspections.
5. Support & Updates
Licensor will provide updates and support as in Schedule C.
6. Term & Termination
Initial term ___________ years; either Party may terminate for uncured breach with ___________ days' notice.
Signatures
PARTY ONE
PARTY TWO
By: _______________________________
By: _______________________________
Name: _______________________________
Name: _______________________________
Title: _______________________________
Title: _______________________________
Date: _______________________________
Date: _______________________________
Schedule A – Licensed Software & OEM Products
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
Schedule B – Royalty Table
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
Schedule C – Support Terms
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________