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Intellectual Property License Agreement
1. Parties: Identification of the licensor and licensee with full legal names and addresses
2. Background: Context of the agreement, description of the IP, and purpose of the license
3. Definitions: Defined terms used throughout the agreement, including technical terms and key concepts
4. Grant of License: Scope and nature of the license being granted, including any territorial limitations
5. License Fees and Payment Terms: Financial terms, including royalties, payment schedules, and calculation methods
6. IP Ownership and Protection: Confirmation of IP ownership, protection obligations, and handling of improvements
7. Quality Control: Standards and requirements for use of the licensed IP
8. Representations and Warranties: Statements regarding IP ownership, right to license, and non-infringement
9. Confidentiality: Protection of confidential information exchanged during the agreement
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Post-Termination Obligations: Obligations and rights of parties after agreement termination
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
13. General Provisions: Standard clauses including notices, assignment, and entire agreement
1. Sub-licensing Rights: Include when licensee is permitted to sub-license the IP to third parties
2. Development Obligations: Include for agreements involving ongoing IP development or improvements
3. Marketing and Promotion: Include when agreement covers trademark or brand licensing with specific marketing requirements
4. Source Code Escrow: Include for software licensing agreements with source code protection
5. Competition Compliance: Include for licenses that might raise competition law concerns
6. Export Control: Include for international licensing arrangements subject to export regulations
7. Technical Support and Maintenance: Include when ongoing technical support is part of the license
8. Audit Rights: Include when licensor requires right to audit licensee's use or royalty calculations
1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed, including registration numbers
2. Schedule 2 - Technical Specifications: Technical details and requirements for the licensed IP
3. Schedule 3 - Royalty Calculations: Detailed methodology for calculating royalties and payment terms
4. Schedule 4 - Quality Control Standards: Specific quality requirements and compliance standards
5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable
6. Schedule 6 - Territory Definition: Detailed description of geographic territories covered by the license
7. Appendix A - Form of Royalty Report: Template for periodic royalty reporting
8. Appendix B - Brand Guidelines: Guidelines for use of licensed trademarks or brands
Authors
Applicable Law
Background IP
Confidential Information
Commencement Date
Deliverables
Derivative Works
Documentation
Effective Date
EU Competition Law
Field of Use
Foreground IP
Improvements
Intellectual Property Rights
Know-How
Licensed IP
Licensed Products
Licensed Technology
License Fee
Net Sales
Patent Rights
Permitted Purpose
Quarter
Registered IP
Royalties
Specifications
Sub-licensee
Technical Information
Term
Territory
Third Party
Trade Secrets
Trademark Guidelines
Unregistered IP
Valid Claim
Working Day
License Grant
Scope of License
License Restrictions
Exclusivity
Territory
Payment
Royalties
Intellectual Property Rights
Quality Control
Protection of IP
Sub-licensing
Technical Support
Maintenance
Confidentiality
Data Protection
Warranties
Indemnification
Liability
Force Majeure
Term
Termination
Assignment
Audit Rights
Competition Law Compliance
Export Control
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Waiver
Amendment
Counterparts
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