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Royalty License Agreement

Royalty License Agreement Template for Malaysia

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Key Requirements PROMPT example:

Royalty License Agreement

"I need a Royalty License Agreement for licensing our patented manufacturing process to a Malaysian company, with quarterly royalty payments of 5% of net sales and quality control requirements for maintaining ISO standards."

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Document background
A Royalty License Agreement is essential for businesses seeking to monetize their intellectual property or acquire rights to use others' IP assets in Malaysia. This document type is commonly used when a rights holder (licensor) wants to permit another party (licensee) to use their intellectual property while maintaining ownership and receiving ongoing compensation. The agreement must comply with Malaysian legal requirements, including the Contracts Act 1950 and relevant IP legislation. It typically includes detailed provisions for payment calculations, quality control, audit rights, and territory restrictions. The document is particularly important in sectors where IP licensing is a key business model, such as technology, manufacturing, and entertainment industries.
Suggested Sections

1. Parties: Identification of the licensor and licensee with full legal names and addresses

2. Background: Context of the agreement, brief description of the intellectual property, and parties' intentions

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

4. Grant of License: Scope and nature of the license (exclusive/non-exclusive), territorial limits, and permitted uses

5. Royalty Payments: Payment terms, calculation methods, reporting periods, and payment mechanisms

6. Records and Audits: Requirements for maintaining sales records and licensor's audit rights

7. Quality Control: Standards for using the licensed IP and quality maintenance requirements

8. Intellectual Property Protection: Ownership confirmation, protection measures, and infringement handling

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

10. Confidentiality: Protection of confidential information exchanged during the agreement

11. Warranties and Indemnities: Representations about IP ownership and indemnification provisions

12. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution

Optional Sections

1. Minimum Performance Requirements: Used when setting minimum sales or revenue targets for the licensee

2. Sub-licensing Rights: Include when licensee is permitted to sub-license the IP to third parties

3. Technology Transfer: Required when technical knowledge or support is part of the license

4. Marketing and Promotion: Include when specific marketing requirements or restrictions apply

5. Export Controls: Necessary for international licensing deals with export restrictions

6. Development Obligations: Used when licensee is required to develop or improve the licensed IP

7. Competition Compliance: Include specific provisions when deal size requires competition law compliance

8. Local Content Requirements: Include when licensing in jurisdictions with local content rules

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed, including registration numbers

2. Schedule 2 - Royalty Calculations: Detailed formula and examples of royalty calculations

3. Schedule 3 - Reporting Template: Standard format for periodic royalty reports

4. Schedule 4 - Quality Standards: Detailed quality requirements and specifications

5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

6. Schedule 6 - Territory Definition: Detailed description of licensed territories including maps if necessary

7. Appendix A - Brand Guidelines: Guidelines for proper use of licensed trademarks or brands

8. Appendix B - Technical Specifications: Technical details of licensed technology or processes

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Approved Purpose
Commencement Date
Confidential Information
Effective Date
Gross Revenue
Initial Term
Intellectual Property Rights
Licensed Products
Licensed Territory
Licensed Trademarks
Licensed Patents
Licensed Technology
Net Sales
Quality Standards
Reporting Period
Royalty Rate
Royalty Statement
Technical Information
Term
Working Day
Background IP
Improvements
License Fee
Minimum Royalty Payment
Patent Rights
Products
Quarterly Period
Related Corporation
Renewal Term
Sales Report
Sub-licensee
Technology
Trademark Guidelines
Year
Clauses
Grant of License
Royalty Payments
Payment Terms
Territory Restrictions
Quality Control
Intellectual Property Rights
Confidentiality
Record Keeping
Audit Rights
Representations and Warranties
Indemnification
Term and Termination
Force Majeure
Assignment
Governing Law
Dispute Resolution
Notices
Amendments
Entire Agreement
Severability
Third Party Rights
Competition Compliance
Non-Competition
Sub-Licensing
Performance Obligations
Technical Support
Brand Protection
Export Control
Tax Compliance
Insurance
Relevant Industries

Technology and Software

Manufacturing

Media and Entertainment

Pharmaceuticals and Healthcare

Consumer Goods

Fashion and Luxury

Automotive

Telecommunications

Research and Development

Biotechnology

Publishing

Gaming

Relevant Teams

Legal

Intellectual Property

Finance

Commercial

Business Development

Research and Development

Compliance

Technology

Innovation

Brand Management

Licensing

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Commercial Director

Chief Technology Officer

Business Development Manager

Finance Director

Compliance Officer

Research and Development Director

Brand Manager

Patent Attorney

Trademark Attorney

Contract Manager

Innovation Manager

Technology Transfer Officer

Industries
Contracts Act 1950: The primary legislation governing contract formation, validity, and enforcement in Malaysia. Essential for ensuring the license agreement meets basic contractual requirements.
Patents Act 1983: Regulates patent rights and licensing in Malaysia. Crucial if the royalty agreement involves patented technology or innovations.
Copyright Act 1987: Governs copyright protection and licensing. Relevant if the agreement involves creative works, software, or other copyrightable material.
Trademarks Act 2019: Covers trademark registration and licensing. Important if the royalty agreement includes the use of trademarks or brand elements.
Income Tax Act 1967: Contains provisions regarding the taxation of royalty payments, including withholding tax requirements for payments to non-residents.
Competition Act 2010: Ensures the licensing agreement doesn't contain anti-competitive clauses or create market monopolies.
Industrial Designs Act 1996: Relevant if the royalty agreement involves the licensing of industrial designs or patterns.
Exchange Control Act 1953: Governs international payments and transfers, relevant for cross-border royalty payments.
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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