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Simple Licence Agreement
"Need a Simple Licence Agreement to allow a small tech startup to use our proprietary software algorithm for a 12-month period starting March 2025, with quarterly payments and no right to modify the code."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted
5. Duration: Term of the licence and renewal provisions
6. Payment Terms: Licence fees, payment schedule, and related financial terms
7. Termination: Circumstances and process for ending the agreement
1. Territory: Geographic scope of the licence, used when territorial restrictions apply
2. Quality Control: Standards and requirements for licensed products/services, relevant for brand licensing
3. Sub-licensing Rights: Terms regarding the licensee's right to sub-license, if permitted
4. Improvements: Rights relating to improvements or modifications, particularly relevant for technology licences
1. Licensed Property: Detailed description of the intellectual property being licensed
2. Licence Fees: Detailed breakdown of payment structure and calculations
3. Technical Specifications: Technical details and requirements, particularly for software or technology licences
4. Quality Standards: Detailed quality requirements and specifications, if applicable
Authors
Commencement Date
Confidential Information
Effective Date
Intellectual Property Rights
Licensed Property
Licensed Rights
Licensed Territory
Licence Fee
Licence Period
Permitted Use
Products
Royalties
Services
Term
Territory
Trade Marks
Working Day
Approved Sub-licensees
Background IP
Improvements
Minimum Performance Requirements
Quality Standards
Related Rights
Revenue
Technical Information
Technical Specifications
Scope of Licence
Duration
Territory
Payment Terms
Intellectual Property Rights
Warranties
Confidentiality
Representations
Use Restrictions
Quality Control
Record Keeping
Audit Rights
Assignment
Sub-licensing
Termination
Force Majeure
Notices
Entire Agreement
Governing Law
Jurisdiction
Improvements
Technical Support
Training
Maintenance
Marketing Rights
Non-Competition
Performance Requirements
Export Control
Data Protection
Insurance
Indemnification
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