Corporate License Agreement Template for Denmark

The Corporate License Agreement is designed for use in the Danish market when a company needs to establish a formal licensing relationship for software, technology, or intellectual property. This document is particularly relevant when Danish law governance is required or preferred by the parties. It encompasses comprehensive terms addressing license grants, usage rights, fees, maintenance, support, and compliance requirements specific to Danish law. The agreement is structured to accommodate both domestic Danish transactions and international licensing arrangements where Danish law applies. It includes specific provisions required under Danish contract law (Aftaleloven) and addresses compliance with EU regulations, particularly GDPR where relevant. The Corporate License Agreement is typically used for enterprise-level licensing transactions where detailed terms, robust protection mechanisms, and clear compliance frameworks are essential.

1. Parties: Identification of the licensor and licensee, including company registration numbers (CVR numbers) and registered addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the license

3. Definitions: Detailed definitions of key terms used throughout the agreement, including Licensed Products, Authorized Users, and Territory

4. Grant of License: Scope of license, usage rights, restrictions, and territory limitations

5. License Fees and Payment Terms: Fee structure, payment schedule, invoicing, and late payment consequences

6. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements or derivatives

7. Obligations of the Licensor: Delivery, implementation, maintenance, and support commitments

8. Obligations of the Licensee: Usage restrictions, security requirements, and reporting obligations

9. Audit Rights: Licensor's rights to verify compliance with license terms

10. Confidentiality: Protection of confidential information and trade secrets

11. Term and Termination: Duration, renewal terms, and termination rights and procedures

12. Effects of Termination: Consequences of termination, including data return or destruction

13. Warranties and Representations: Standard warranties regarding ownership, non-infringement, and performance

14. Limitation of Liability: Caps on liability and exclusions in accordance with Danish law

15. Force Majeure: Handling of events beyond reasonable control

16. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction

17. General Provisions: Standard boilerplate including assignment, severability, and entire agreement