Royalty Non Exclusive License Template for Denmark

This Royalty Non-Exclusive License Agreement template is designed for use under Danish law when a rights holder wishes to grant permission to use their intellectual property while maintaining the ability to license it to others. The document is particularly useful in commercial situations where multiple licensees may need to use the same IP, such as technology licensing, brand merchandising, or content distribution. It includes comprehensive provisions for royalty calculations, payment terms, quality control, and reporting requirements, all structured to comply with Danish legal requirements and EU regulations. The non-exclusive nature of the license makes it especially suitable for businesses looking to maximize their IP value through multiple licensing arrangements while maintaining control over their intellectual property rights.

1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, description of the intellectual property being licensed, and the parties' intentions

3. Definitions: Detailed definitions of key terms used throughout the agreement, including Licensed Rights, Territory, and Royalty Revenue

4. Grant of License: Specific terms of the non-exclusive license, including scope, territory, and confirmation of non-exclusivity

5. Royalty Payments: Detailed structure of royalty calculations, payment terms, currency, and payment methods

6. Reporting and Auditing: Requirements for reporting sales/usage, record-keeping obligations, and audit rights

7. Licensed Property Usage: Guidelines and restrictions on how the licensed property may be used

8. Quality Control: Standards and requirements for maintaining quality in the use of licensed property

9. Intellectual Property Protection: Provisions for protecting the licensed IP, including handling infringement and unauthorized use

10. Term and Termination: Duration of the agreement, renewal terms, and grounds for termination

11. Post-Termination Obligations: Obligations and rights of parties after agreement termination

12. Representations and Warranties: Statements and guarantees from both parties regarding their rights and obligations

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Confidentiality: Protection of confidential information exchanged during the agreement

15. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes

16. General Provisions: Standard clauses including notices, amendments, assignment, and severability