Standard Licence Agreement Template for India

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Key Requirements PROMPT example:

Standard Licence Agreement

"I need a Standard License Agreement for my software company based in Bangalore to license our AI-powered analytics software to enterprise customers across India, with specific provisions for data protection and cloud hosting requirements."

Document background
The Standard License Agreement is a crucial legal instrument used in the Indian business environment when one party wishes to grant another party the right to use their intellectual property, technology, software, or other proprietary assets while retaining ownership. This document type is essential for businesses operating in India who need to establish clear terms for licensing arrangements while ensuring compliance with Indian legislation, including the Indian Contract Act, 1872, relevant intellectual property laws, and sector-specific regulations. The agreement comprehensively covers license scope, payment terms, usage restrictions, IP protection, and termination conditions, providing a robust framework for both licensors and licensees to protect their interests and maintain compliance with Indian legal requirements. It's particularly relevant in today's technology-driven market where licensing of intellectual property and digital assets has become increasingly common.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee, including registered addresses and company registration numbers

2. Background: Context of the agreement, brief description of the licensed property, and purpose of the license

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

4. Grant of License: Scope and nature of the license being granted, including territory, exclusivity, and duration

5. License Fees and Payment Terms: Financial terms, payment schedule, and any royalty calculations

6. Use Restrictions: Limitations on how the licensed property can be used, including prohibited activities

7. Intellectual Property Rights: Ownership of IP, protection measures, and handling of improvements or derivatives

8. Warranties and Representations: Guarantees provided by each party regarding the licensed property and their authority

9. Term and Termination: Duration of the agreement, renewal terms, and circumstances for termination

10. Confidentiality: Protection of confidential information shared during the license period

11. Indemnification: Obligations to protect against third-party claims and liability allocation

12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for dispute resolution

13. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Source Code Escrow: For software licenses, provisions for source code protection and access conditions

2. Quality Control: For trademark or brand licenses, specifications for maintaining quality standards

3. Training and Support: Details of technical support and training services if included with the license

4. Export Control: For international licensing, compliance with export regulations

5. Data Protection: For licenses involving personal data processing, compliance with privacy laws

6. Sublicensing Rights: Terms for allowing licensee to sublicense the property to third parties

7. Performance Requirements: Minimum performance or sales targets for maintaining license rights

8. Insurance: Requirements for insurance coverage related to licensed property usage

Suggested Schedules

1. Schedule A - Licensed Property: Detailed description and specifications of the licensed property

2. Schedule B - Fee Structure: Detailed breakdown of license fees, royalties, and payment terms

3. Schedule C - Technical Requirements: Technical specifications, system requirements, or compatibility needs

4. Schedule D - Service Levels: Performance standards and support levels if applicable

5. Schedule E - Approved Use Cases: Specific approved applications and use cases for the licensed property

6. Schedule F - Territory Definition: Detailed description of geographic territories covered by the license

7. Appendix 1 - Contact Details: Key contacts for both parties for various aspects of the agreement

8. Appendix 2 - Reporting Templates: Standard formats for required regular reporting

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

Relevant legal definitions
Clauses
Relevant Industries

Information Technology

Software Development

Manufacturing

Telecommunications

Healthcare

Pharmaceuticals

Media and Entertainment

Education

Research and Development

Consumer Goods

Retail

Automotive

Electronics

Biotechnology

Financial Services

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Technology

Operations

Compliance

Research and Development

Product Management

Contract Administration

Risk Management

Corporate Affairs

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Manager

Contract Manager

Business Development Manager

Chief Technology Officer

Chief Legal Officer

Commercial Director

IP Rights Administrator

Technology Transfer Officer

Product Manager

Operations Director

Compliance Officer

General Counsel

Research Director

Industries
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

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