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OREGON RACEWAY PARK LICENSE×USE AGREEMENT THIS LICENSE×USE AGREEMENT (Agreement×, dated the date of the last signature on the signature page, below, by and between Pacific Motorsports Management,

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01

Start by reading the entire agreement carefully. Make sure you understand all the terms and conditions mentioned in the agreement.

02

Fill out the parties involved in the agreement. This includes providing the names and contact information of both the licensor (the person or entity granting the license) and the licensee (the person or entity receiving the license).

03

Specify the scope of the license. Clearly state what the licensee is allowed to do with the licensed material or intellectual property. This may include restrictions on usage, distribution, modification, and sublicensing.

04

Define the payment terms, if applicable. If there are any fees or royalties involved in the license agreement, clearly outline the payment schedule and the amount to be paid.

05

Include any additional terms or conditions specific to the agreement. This could include confidentiality provisions, dispute resolution methods, or warranties provided by the licensor.

06

Clarify the term or duration of the agreement. Specify the start date and end date of the license, or define if it is a perpetual license.

07

Both parties should review the filled-out agreement carefully to ensure accuracy and compliance with their intentions. Seek legal counsel if needed before signing.

Who needs a license and use agreement?

A license and use agreement is typically needed when one party (the licensor) wants to grant another party (the licensee) the right to use their intellectual property, such as software, artwork, patents, or trademarks. It is a legal document that helps protect the rights of both parties and outlines the terms under which the licensed material can be used. License and use agreements are common in various industries, including the music, film, software, publishing, and technology sectors. Whether you are an individual or a business, if you are granting or receiving the rights to use intellectual property, it is important to have a license and use agreement in place.

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