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Commercial License Agreement
1. Parties: Identification and details of the licensor and licensee, including registration numbers and authorized representatives
2. Background: Context of the agreement, brief description of the licensed material/software and the parties' intention
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Scope of the license, including type (exclusive/non-exclusive), territory, and permitted uses
5. License Fees and Payment Terms: Financial terms, payment schedule, and any recurring fees or royalties
6. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements or modifications
7. Obligations of the Licensor: Licensor's responsibilities including delivery, maintenance, and support obligations
8. Obligations of the Licensee: Licensee's responsibilities including usage restrictions and compliance requirements
9. Term and Termination: Duration of the agreement, renewal terms, and termination conditions
10. Confidentiality: Protection and handling of confidential information exchanged between parties
11. Data Protection: GDPR compliance and data handling requirements
12. Warranties and Representations: Guarantees provided by each party regarding the licensed material and their authority
13. Liability and Indemnification: Limitation of liability and indemnification obligations
14. Force Majeure: Provisions for handling events beyond reasonable control
15. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
16. General Provisions: Standard boilerplate clauses including assignment, severability, and entire agreement
1. Source Code Escrow: Used when source code needs to be held in escrow for security or business continuity
2. Service Level Agreement: Include when specific performance levels or support standards need to be maintained
3. Export Control: Required when the licensed material may be subject to export regulations
4. Audit Rights: Include when the licensor needs rights to audit licensee's use of the licensed material
5. Sub-licensing Rights: Used when the licensee may need to sub-license the material to third parties
6. Marketing and Publicity: Include when parties want to specify terms for public announcements or references
7. Development and Customization: Required when the license includes rights for customization or development
8. Training and Support: Include when specific training or support services are part of the license
1. Schedule 1 - Licensed Material: Detailed description of the licensed software, content, or materials
2. Schedule 2 - Technical Specifications: Technical details, system requirements, and performance specifications
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, payment terms, and calculation methods
4. Schedule 4 - Service Levels: Detailed service level commitments and support requirements
5. Schedule 5 - Data Processing Agreement: GDPR-compliant data processing terms and details
6. Appendix A - Approved Sub-processors: List of approved sub-processors for data processing activities
7. Appendix B - Security Requirements: Detailed security protocols and requirements
8. Appendix C - Implementation Plan: Timeline and milestones for implementation of the licensed material
Authors
Authorized Users
Confidential Information
Documentation
Effective Date
Fees
Intellectual Property Rights
License
Licensed Material
Maintenance Services
Material Breach
Permitted Purpose
Personal Data
Specifications
Support Services
Term
Territory
Updates
Upgrades
Working Day
Acceptance Criteria
Affiliate
Background IP
Commencement Date
Customization
Data Protection Laws
Deliverables
Development Services
Error
Force Majeure Event
Implementation Plan
License Key
Maintenance Release
Milestone
Modification
Performance Standards
Release
Service Levels
Source Code
Sub-processor
Technical Requirements
Third Party Materials
User Interface
Virus
Vulnerability
License Grant
Intellectual Property Rights
License Restrictions
Delivery and Installation
Acceptance Testing
License Fees
Payment Terms
Support Services
Maintenance
Service Levels
Performance Standards
Documentation
Training
Audit Rights
Warranties
Representations
Indemnification
Limitation of Liability
Confidentiality
Data Protection
Security Requirements
Compliance
Force Majeure
Term
Termination
Exit Management
Assignment
Sub-licensing
Third Party Rights
Dispute Resolution
Governing Law
Jurisdiction
Notices
Entire Agreement
Severability
Variation
Waiver
Non-solicitation
Source Code Escrow
Export Control
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