Licence And Royalty Agreement Template for England and Wales

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

4.6 / 5
4.8 / 5

Let's create your Licence And 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:

Licence And Royalty Agreement

"I need a Licence and Royalty Agreement to license my music production software to other companies in the UK, with a 5% royalty rate on their gross revenue and quarterly reporting requirements, starting from March 2025."

Document background
A Licence And Royalty Agreement is essential when a party wishes to monetize their intellectual property by allowing others to use it while maintaining ownership rights. This agreement, governed by English and Welsh law, establishes the commercial framework for such arrangements, including specific usage rights, territory restrictions, quality standards, and detailed royalty calculation methods. It's particularly important in sectors where intellectual property forms a significant part of business assets and requires careful protection while enabling commercial exploitation.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and ownership of intellectual property rights

3. Definitions: Key terms used throughout the agreement

4. Grant of Licence: Scope and nature of the licence being granted

5. Royalty Payments: Payment terms, calculation methods, and reporting requirements

6. Duration and Termination: Term of agreement and circumstances for termination

7. Warranties and Representations: Standard warranties from both parties

8. Confidentiality: Protection of confidential information

9. Governing Law and Jurisdiction: Applicable law and dispute resolution

Optional Sections

1. Quality Control: Standards for licensed products/services - used when licensing involves manufacture or delivery of products

2. Minimum Performance Requirements: Minimum sales or usage requirements - used for performance-based licences

3. Territory Restrictions: Geographical limitations of the licence - used when licence is territory-specific

4. Sub-licensing Rights: Rights to grant sub-licences - used when sub-licensing might be needed

5. Competition Law Compliance: Provisions ensuring compliance with competition laws - used for agreements that might affect market competition

Suggested Schedules

1. Licensed Rights Schedule: Detailed description of intellectual property being licensed

2. Royalty Calculation Schedule: Detailed methodology for calculating royalties

3. Reporting Template: Standard format for royalty reporting

4. Quality Standards Schedule: Detailed quality requirements and specifications

5. Approved Territory Schedule: List of territories where licence is valid

6. Minimum Performance Schedule: Detailed minimum performance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Copyright, Designs and Patents Act 1988: Primary legislation governing copyright, design rights, and patents in the UK. Essential for defining protected intellectual property rights that can be licensed.

Trade Marks Act 1994: Legislation governing trademark protection and licensing in the UK. Important for agreements involving branded products or services.

Patents Act 1977: Key legislation for patent protection and licensing in the UK. Crucial for technology and invention-related licence agreements.

Common Law Contract Principles: Fundamental principles governing contract formation, including offer, acceptance, consideration, and intention to create legal relations.

Unfair Contract Terms Act 1977: Regulates unfair terms in contracts and limits the extent to which liability can be excluded or restricted.

Competition Act 1998: Ensures licence agreements do not contain anti-competitive provisions or restrict market competition unfairly.

Income Tax Act 2007: Governs taxation of royalty income for individuals and relevant tax considerations in licensing arrangements.

Corporation Tax Act 2009: Regulates taxation of corporate royalty income and related business aspects of licensing.

Value Added Tax Act 1994: Determines VAT treatment of royalty payments and licensing transactions.

Private International Law (Miscellaneous Provisions) Act 1995: Relevant for international licensing agreements and cross-border aspects of the contract.

UK GDPR: Data protection regulations affecting how personal data can be handled within the licensing arrangement.

Data Protection Act 2018: UK's implementation of data protection requirements, important for licenses involving personal data processing.

Consumer Rights Act 2015: Relevant if the licence agreement has any consumer-facing elements or implications.

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of the contract, important for sub-licensing arrangements.

Enterprise Act 2002: Contains provisions affecting business competition and market regulation in licensing contexts.

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 Contract

find out more

Licence And Royalty Agreement

find out more

Royalty Investment Agreement

An English law agreement governing investment in exchange for future royalty payments from revenue or profits.

find out more

Royalty Agreement For Use Of Trademark

An English law agreement governing the licensed use of trademarks in exchange for royalty payments.

find out more

Royalty Buyout Agreement

An agreement under English and Welsh law for the permanent transfer of royalty rights in exchange for payment.

find out more

Revenue Royalty Agreement

An English law agreement establishing terms for revenue-based payments between parties in exchange for use of rights or assets.

find out more

Royalty Split Agreement

A legal agreement under English and Welsh law that establishes terms for sharing royalty revenue between multiple parties.

find out more

Royalty Purchase Agreement

An English law agreement for the sale and purchase of rights to receive future royalty payments.

find out more

Royalty Share Agreement

A contract governed by English and Welsh law that establishes terms for sharing royalties derived from intellectual property exploitation.

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.