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Royalty Agreement for Intellectual Property | Canada
Set the terms for payment of royalties on intellectual property with this contract template for Canadian businesses.
- This agreement covers royalties accruing on intellectual property that was developed by the seller, which is being transferred to a purchaser as part of a transfer of business assets.
- The intellectual property will continue to be used by the purchaser in connection with the business operations, and royalties will continue to accrue.
- The purchaser agrees to pay the seller an ongoing royalty for a specified number of years following the closing of the purchase and sale transaction.
- The royalty will be calculated based on the customer base and non-exempted gross earnings of the business.
- This Royalty Agreement refers to the laws of Canada. It can be used in any Canadian province or territory. A French language version may be required in Quebec.
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Alberta Commercial Triple Net Lease Agreement
Rent a business premises in Alberta to a tenant with this Commercial Triple Net Lease Agreement.
- This lease is a triple net lease to the landlord, and the tenant agrees to pay for all costs with respect to the premises including structural repairs.
- The tenant has an option to renew the lease for an additional term.
- The tenant will pay all expenses, taxes, levies, and charges with respect to the premises, except for the landlord's income taxes.
- The tenant is responsible for carrying fire and extended coverage insurance.
- The tenant is responsible for all alterations, improvements, maintenance and repairs.
- Procedures in the event of damage, destruction, or condemnation of the building.
- Subordination of the lease to a mortgage or other lien.
- The tenant must provide an estoppel certificate on request by the landlord.
- If the tenant holds over (i.e. stays in the premises) after the lease term expires, the tenancy reverts to a monthly tenancy.
- This legal document is intended for use in the Province of Alberta, Canada.
- The Alberta Triple Net Lease Agreement template can be used for office or retail space.
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