All Countries
IP
Simple Royalty Agreement

Simple Royalty Agreement Template for Denmark

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Simple Royalty Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Simple Royalty Agreement

Celebrated by
Collaborations with
Investors
Document background
The Simple Royalty Agreement is essential for businesses and individuals engaging in intellectual property licensing within Denmark's legal framework. This document is typically used when one party (licensor) grants another party (licensee) the right to use specific intellectual property in exchange for royalty payments. It provides a streamlined approach to documenting licensing arrangements while ensuring compliance with Danish law and EU regulations. The agreement includes crucial elements such as royalty calculation methods, payment schedules, reporting requirements, and audit rights, making it suitable for various commercial relationships involving intellectual property exploitation. The Simple Royalty Agreement is particularly valuable for straightforward licensing arrangements where parties seek a clear, enforceable agreement without overly complex terms.
Suggested Sections

1. Parties: Identification of the licensor and licensee with full legal names and addresses

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Grant of Rights: Specific rights being granted and any territorial limitations

5. Calculation of Royalties: Formula and basis for calculating royalty payments

6. Payment Terms: Payment frequency, method, currency, and timing of royalty payments

7. Reporting Requirements: Requirements for sales reports and royalty calculations

8. Audit Rights: Rights to audit the licensee's relevant records

9. Intellectual Property Protection: Obligations regarding IP protection and infringement

10. Term and Termination: Duration of agreement and termination provisions

11. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction

12. Signatures: Execution block for parties' signatures

Optional Sections

1. Minimum Guarantee: Used when there's a minimum royalty payment requirement

2. Quality Control: Include when the licensed IP requires quality standards maintenance

3. Sub-licensing Rights: Include when sub-licensing is permitted

4. Marketing and Promotion: Include when specific marketing obligations exist

5. Confidentiality: Include when sharing of sensitive information is involved

6. Force Majeure: Include when specific force majeure provisions are needed beyond standard Danish law

7. Assignment: Include when transfer rights need specific regulation

Suggested Schedules

1. Schedule 1 - Licensed Property: Detailed description of the intellectual property being licensed

2. Schedule 2 - Royalty Rates: Detailed breakdown of royalty rates and calculation methods

3. Schedule 3 - Reporting Template: Template for regular royalty reports

4. Schedule 4 - Territories: List of territories where rights are granted

5. Appendix A - Quality Standards: Specific quality requirements if applicable

6. Appendix B - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

Authors

Linkedin in social icon imageX social icon image
Relevant Industries
Relevant Teams
Relevant Roles
Industries
Danish Contracts Act (Aftaleloven): Fundamental law governing contract formation, validity, and enforcement in Denmark. Essential for ensuring the royalty agreement meets basic contractual requirements.
Danish Copyright Act (Ophavsretsloven): Regulates intellectual property rights and their protection in Denmark. Crucial for defining the scope of rights that can be licensed under the royalty agreement.
Danish Competition Act (Konkurrenceloven): Ensures the royalty agreement complies with competition law and doesn't create unfair market restrictions.
Danish Tax Assessment Act (Ligningsloven): Governs the taxation of royalty payments in Denmark, including withholding tax obligations and reporting requirements.
EU Directive 2014/26/EU: Regulates collective management of copyright and related rights, relevant for royalty collection and distribution within the EU.
Danish Interest Act (Renteloven): Governs the calculation and payment of interest on late payments, relevant for royalty payment terms.
Danish Marketing Practices Act (Markedsføringsloven): Ensures fair business practices and can affect how licensed intellectual property is used and marketed.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Royalty Non Exclusive License

find out more

Simple Royalty Agreement

find out more

Royalty Contract

find out more

Royalty Split Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.