Intellectual Property Rights License Agreement among Shenzhen BAK Battery Co., Ltd., China BAK Battery, Inc., and Dalian BAK Power Battery Co., Ltd. (August 25, 2014)

Contract Categories: Intellectual Property › License Agreements
Summary

Shenzhen BAK Battery Co., Ltd. grants China BAK Battery, Inc. and Dalian BAK Power Battery Co., Ltd. a non-exclusive, worldwide, royalty-free license to use its trademarks and patents owned as of June 30, 2014, for five years. The licensees cannot sublicense these rights, while the licensor may license them to others. The licensor supervises proper use, and licensees must identify themselves and product origins when using the trademarks. The agreement covers rights, obligations, amendments, and dispute resolution, and includes a list of the licensed intellectual property.

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EX-10.20 2 exhibit10-20.htm EXHIBIT 10.20 China Bak Battery, Inc. - Exhibit 10.20 - Filed by newsfilecorp.com

Summary of Intellectual Property Rights License Agreement entered into by and among Shenzhen BAK Battery Co., Ltd. (the “Licensor”), China BAK Battery, Inc. (the “Licensee 1”) and Dalian BAK Power Battery Co., Ltd (the “Licensee 2”) dated August 25, 2014

Main contents

  • The licensed intellectual property rights include the trademarks and patents which the Licensor owned as of June 30, 2014 as Exhibit 1.
  • The licensed term is 5 years, from June 30, 2014 to June 29, 2019.
  • The license of all the intellectual property rights is free of charge.
  • The license is common license. The Licensee 1 and Licensee 2 cannot authorize other entities or individuals to use the licensed intellectual property rights. The Licensor can authorize any other entity or individual to use the licensed intellectual property rights without prior consent of or notice to the Licensee 1, Licensee 2 or any third party.
  • The Licensor authorizes the Licensor 1 and the Licensor 2 to use the licensed trademarks and patents in the world.
  • The Licensor is entitled to supervise the use of the licensed trademarks by Licensor 1 and Licensor 2, which shall ensure the use in a right manner. When using the licensed trademarks, the Licensor 1 and Licensor 2 shall write their name and the original place of products.

Headlines of the articles omitted:

  • Rights and obligations of each party
  • Special clauses
  • Provision and share of future amendments
  • Governing laws
  • Disputation settlement
  • Effective, amendment and Termination
  • Validity
  • Signature
  • Exhibit 1 “Breakdown of registered trademarks and patents”