Patent License Agreement between Ping Zhou and YI XI XIN INC for Chinese Patent No. ZL20152051857.2

Contract Categories: Intellectual Property › License Agreements
Summary

This agreement is between Ms. Ping Zhou (Licensor) and YI XI XIN INC (Licensee), granting the Licensee free use of a Chinese patent related to a car-based dry cleaning system for five years starting January 1, 2017. The Licensee will develop a marketing plan and management policy, while the Licensor will provide office space. Any future profit sharing will be addressed in a separate agreement if profits are generated. The agreement outlines the intended business operations but does not specify profit terms at this stage.

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EX-10.2 6 yxx-s1ex10z2.htm EXHIBIT 10.2

Exhibit 10.2

 

LICENSE AGREEMENT FOR INTELLECTUAL PROPERTY

 

 

 PATENT LICENSE AGREEMENT

 

 

THIS AGREEMENT (hereinafter referred to as the "Agreement") is made by and between Ms Ping Zhou, (hereinafter referred to as "Licensor"), and YI XI XIN INC, a Nevada Corporation with registered address at 14061 Tagor Dirve, Reno, NV, 89521, USA (hereinafter referred to as "Licensee").

 

WHEREAS, Licensor is the owner of all right, title, and interest of the Chinese Patent No. ZL20152051857.2 (which is hereinafter referred to as the "Licensed Patent"); The Patent includes the design of the Dry Cleaning Car which includes air-conditioning system, in-car toilet, electricity generator, safety system, ironing station, sanitization system, etc.

 

WHEREAS, Licensee is a start-up, business plan

 

WHEREAS, Licensor and Licensee desire to enter a license agreement covering the Licensed Patent; and the parties agree as follows:

 

1.The Licensor hereby authorize the Licensee to use the above-mentioned patent for free for a period of 5 years starting January 1st, 2017.

 

2.The Licensee will provide design a marketing plan and management policy to help grow the market for car-based dry cleaning business.

 

3.The Licensor will provide the office space for the Licensee for daily operations.

 

4.Due to the fact that no profit has been generated, all the future profit sharing, if any, will be discussed and will be determined by a different agreement.

 

5.The current design of the future operation of the Car-Based Dry Cleaning business is shown in Exhibit A.

 

Licensor Signature: /S/ Ping Zhou     Licensee Signature: /s/ Ping Zhou
       
       
Name (Print): Ping Zhou     Name (Print): Ping Zhou, as President of Yi Xi Xin, Inc.
      Title:  
       
Date: January 1, 2017     Date: January 1, 2017

 

 
 

Exhibit A