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Revocable License
"I need a Revocable License agreement for licensing our proprietary software to UAE-based financial institutions, with specific provisions for data security compliance and the ability to revoke access if the licensee fails to meet monthly performance standards starting January 2025."
1. Parties: Identification of the Licensor and Licensee with full legal names, addresses, and registration details as per UAE requirements
2. Background: Context of the license agreement, relationship between parties, and purpose of the license
3. Definitions: Key terms used throughout the agreement, including specific technical, legal, and commercial terms
4. Grant of License: Scope and nature of the license, including any territorial limitations and specified purposes
5. Term and Termination: Duration of the license and specific conditions under which it may be revoked or terminated
6. License Fees: Payment terms, amounts, and schedule for license fees, including any variable components
7. Licensee's Obligations: Specific duties, restrictions, and requirements imposed on the Licensee
8. Licensor's Rights and Obligations: Rights reserved by the Licensor and any ongoing obligations
9. Revocation: Specific circumstances and process for license revocation, notice requirements, and consequences
10. Compliance with Laws: Requirements to comply with UAE laws and regulations, including specific local licensing requirements
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution
12. Notices: Process and requirements for formal communications between parties
13. Entire Agreement: Standard boilerplate confirming this document as the complete agreement between parties
1. Intellectual Property Rights: Required when the license involves patents, trademarks, copyrights, or other IP rights
2. Quality Control: Necessary when the license requires maintaining specific standards or quality levels
3. Insurance Requirements: Include when the licensed activity requires specific insurance coverage
4. Confidentiality: Required when the license involves sharing of confidential information or trade secrets
5. Assignment and Sub-licensing: Include when there's a need to explicitly address transfer rights or sub-licensing restrictions
6. Force Majeure: Optional clause for circumstances beyond parties' control, particularly relevant for long-term licenses
7. Health and Safety: Required when the license involves physical premises or potentially hazardous activities
8. Environmental Compliance: Include when the licensed activity has environmental implications
9. Training and Support: Necessary when the license includes technical support or training obligations
1. Schedule 1 - Licensed Rights/Property: Detailed description of what is being licensed (e.g., intellectual property, equipment, premises)
2. Schedule 2 - Fee Structure: Detailed breakdown of all applicable fees, payment terms, and calculation methods
3. Schedule 3 - Technical Specifications: Technical requirements, standards, and specifications related to the license
4. Schedule 4 - Service Levels: Performance standards and metrics, if applicable
5. Schedule 5 - Compliance Requirements: Specific regulatory and compliance requirements under UAE law
6. Appendix A - Required Permits and Licenses: List of necessary government permits and licenses required for operation
7. Appendix B - Approved Use Guidelines: Specific guidelines and restrictions for the licensed rights or property
8. Appendix C - Contact Details: Key contact information for both parties, including authorized representatives
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Effective Date
Force Majeure Event
Governing Law
Initial Term
Intellectual Property Rights
License
License Fee
Licensed Activity
Licensed Property
Licensed Rights
Licensed Territory
Licensee
Licensor
Local Authority
Material Breach
Notice
Parties
Permitted Use
Quality Standards
Regulatory Approvals
Renewal Term
Revocation Notice
Revocation Period
Schedule
Term
Termination Date
UAE
Working Hours
Recitals
Definitions
Grant of License
License Fee
Payment Terms
Term
Renewal
Revocation Rights
Termination
Use Restrictions
Quality Control
Compliance with Laws
Regulatory Requirements
Representations and Warranties
Licensee Obligations
Licensor Rights
Performance Standards
Reporting Requirements
Record Keeping
Audit Rights
Intellectual Property
Confidentiality
Data Protection
Insurance
Indemnification
Liability Limitation
Force Majeure
Assignment
Sub-licensing
Notice Requirements
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Language
Counterparts
Technology
Real Estate
Manufacturing
Retail
Healthcare
Education
Financial Services
Telecommunications
Media and Entertainment
Hospitality
Construction
Energy
Professional Services
Transport and Logistics
Industrial
Consumer Goods
Legal
Commercial
Compliance
Operations
Business Development
Facilities Management
Risk Management
Contract Administration
Property Management
Regulatory Affairs
Corporate Affairs
Business Operations
Legal Counsel
Commercial Director
Compliance Officer
Business Development Manager
Operations Director
Facilities Manager
Intellectual Property Manager
Risk Manager
Contract Administrator
Licensing Manager
Property Manager
Chief Legal Officer
Commercial Operations Manager
Regulatory Affairs Director
Business Unit Head
Chief Executive Officer
Chief Operating Officer
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