A sublicense agreement is a contract between the m

A sublicense agreement is a contract between the master licensor, or the grantor of intellectual property rights to a company or to a person for commercial use, and the sublicensee, the company or person using such rights. The grantor may be a company or an individual who sublicenses their copyrighted and trademarked materials and proprietary software for a flat fee, which is called in legal terms consideration. Sublicense agreements may be non-exclusive to maximize commercial marketing and distribution of a particular product. They are typically non-transferable and the grantor may revoke the agreement if the sublicensee breaches their duties as outlined in the contract. There are a few steps to consider when drafting a sublicense agreement


So.... Jestaw will do all the leg work in selling the product etc, while SCRC sits back and collects whatever agreed upon % they agreed to?  Not bad, considering Jestaw has been operating in Canada for 14 years and has the connections already.  This is a term of 3 years so after we get a foothold we may no longer need Jestaw's services.