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Loan Licence Agreement
"I need a Loan Licence Agreement for a £500,000 loan to a technology company, where we're also licensing our proprietary software platform to them for 3 years starting from January 2025, with quarterly repayments and annual licence fee reviews."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Loan Terms: Principal amount, interest rate, repayment terms
5. Licence Grant: Scope and nature of the licence being granted
6. Payment Terms: Payment schedule and methods
7. Term and Termination: Duration and circumstances for termination
8. Representations and Warranties: Statements of fact and promises made by each party
9. Governing Law and Jurisdiction: Laws governing the agreement and courts having jurisdiction
1. Security Provisions: Details of any security or collateral required for the loan
2. Intellectual Property Rights: IP ownership and usage rights when licensed material includes intellectual property
3. Data Protection: Provisions for handling personal data and ensuring compliance with data protection laws
4. Force Majeure: Provisions dealing with circumstances beyond parties' control
5. Assignment and Sublicensing: Rights and restrictions regarding transfer of rights under the agreement
1. Schedule 1 - Licensed Material: Detailed description of what is being licensed
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3 - Security Details: Description of any security arrangements and collateral
4. Appendix A - Technical Specifications: Technical details and specifications of licensed material
5. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements applicable to the agreement
Authors
Business Day
Commencement Date
Confidential Information
Default Event
Default Interest Rate
Drawdown Date
Event of Default
Facility
Financial Indebtedness
Interest Period
Interest Rate
Law
Licence
Licensed Material
Licensed Rights
Licence Fee
Licence Period
Loan
Loan Amount
Material Adverse Effect
Payment Date
Permitted Purpose
Principal Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Term
Territory
Transaction Documents
Use
VAT
Loan Facility
Purpose
Drawdown
Interest
Repayment
Licence Grant
Scope of Licence
Permitted Use
Payment Terms
Security
Representations and Warranties
Covenants
Events of Default
Termination
Consequences of Termination
Assignment and Transfer
Intellectual Property Rights
Confidentiality
Data Protection
Force Majeure
Notices
Amendments
Waiver
Severability
Entire Agreement
Third Party Rights
Counterparts
Costs and Expenses
Governing Law
Jurisdiction
Dispute Resolution
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