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Master Licence
"I need a Master Licence agreement to allow multiple software companies to use our AI technology platform, with the initial term starting from January 2025 and including provisions for revenue-based royalties and quality control measures."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted
5. Term and Termination: Duration of licence and termination provisions
6. Fees and Payment: Financial terms and payment obligations
7. IP Rights and Ownership: Confirmation of ownership and IP rights
8. Confidentiality: Protection of confidential information
1. Sub-licensing Rights: Include when licensee may grant sub-licences
2. Territory Restrictions: Include when licence is geographically restricted
3. Quality Control: Include for trademark licences or when quality standards are crucial
4. Support Services: Include when technical support or maintenance is provided
5. Data Protection: Include when personal data processing is involved
1. Licensed IP: Detailed description of licensed intellectual property
2. Fees Schedule: Detailed breakdown of fees and payment terms
3. Technical Specifications: Technical details of licensed technology or software
4. Service Levels: Performance metrics and service standards if applicable
5. Approved Sub-licensees: List of approved sub-licensees if applicable
Authors
Applicable Laws
Background IP
Business Day
Commencement Date
Confidential Information
Control
Derivative Works
Effective Date
Force Majeure Event
Group Company
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Territory
Licence Fee
Licence Period
Licence Schedule
Losses
Marks
Net Sales
Permitted Purpose
Permitted Users
Quality Standards
Royalties
Sub-licence
Sub-licensee
Technical Documentation
Term
Third Party
Working Hours
Scope of Licence
Territory
Sub-licensing
IP Rights and Ownership
Technical Support
Maintenance
Quality Control
Fees and Payment
Royalties
Record Keeping
Audit Rights
Warranties
Indemnification
Confidentiality
Data Protection
Term and Duration
Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Variation
Severability
Third Party Rights
Further Assurance
Counterparts
Compliance with Laws
Anti-corruption
Competition Law
Export Control
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