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Sole License
"I need a Sole License agreement for a Malaysian software company granting rights to use our proprietary AI algorithm to a Singapore-based technology firm, with the license period starting from March 1, 2025, including strict quality control measures and quarterly royalty payments."
1. Parties: Identification of the Licensor and Licensee with full legal names and registered addresses
2. Background: Context of the agreement, brief description of the licensed property, and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Explicit grant of sole license, scope, and territorial restrictions
5. License Period: Duration of the license, commencement date, and renewal terms
6. License Fees: Payment terms, amounts, calculation methods, and payment schedule
7. Licensee Obligations: Key responsibilities and requirements of the Licensee
8. Licensor Obligations: Key responsibilities and requirements of the Licensor
9. Quality Control: Standards, specifications, and quality requirements for licensed products/services
10. Intellectual Property: IP ownership, protection measures, and infringement procedures
11. Confidentiality: Protection of confidential information and trade secrets
12. Termination: Termination rights, procedures, and consequences
13. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Sub-licensing Rights: Include when Licensee is permitted to grant sub-licenses
2. Minimum Performance Requirements: Include when there are specific performance targets or minimum royalty requirements
3. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
4. Technology Transfer: Include when technical knowledge or support is part of the license
5. Export Controls: Include when licensed rights involve international trade restrictions
6. Product Liability: Include when physical products are being licensed
7. Competition Law Compliance: Include when license restrictions could raise competition law concerns
8. Data Protection: Include when personal data processing is involved in the licensed activities
1. Schedule 1 - Licensed Property: Detailed description of the intellectual property being licensed
2. Schedule 2 - Territory: Detailed definition of the geographic territory covered by the license
3. Schedule 3 - License Fees and Payment Terms: Detailed breakdown of all fees, royalties, and payment mechanisms
4. Schedule 4 - Quality Standards: Technical specifications and quality control requirements
5. Schedule 5 - Approved Uses: Specific permitted uses and restrictions of the licensed property
6. Appendix A - Form of Royalty Report: Template for periodic royalty reporting
7. Appendix B - Brand Guidelines: If applicable, guidelines for use of licensed trademarks or branding
8. Appendix C - Technical Specifications: If applicable, technical details and requirements for licensed technology
Authors
Business Day
Commencement Date
Confidential Information
Effective Date
Intellectual Property Rights
License
License Fee
Licensed Products
Licensed Property
Licensed Rights
Licensed Territory
Licensee
Licensor
Malaysian Ringgit
Net Sales
Quality Standards
Royalty
Royalty Period
Royalty Report
Term
Territory
Trade Marks
Working Day
Territory
Term and Duration
License Fees
Payment Terms
Royalties
Quality Control
Performance Requirements
Intellectual Property Rights
Confidentiality
Warranties
Indemnification
Insurance
Record Keeping
Audit Rights
Reporting Requirements
Non-Competition
Sub-Licensing
Assignment
Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Compliance with Laws
Intellectual Property Protection
Registration Rights
Regulatory Compliance
Technology
Manufacturing
Pharmaceuticals
Consumer Goods
Entertainment
Software
Biotechnology
Fashion and Luxury
Automotive
Telecommunications
Media and Broadcasting
Research and Development
Healthcare
Energy
Legal
Intellectual Property
Commercial
Business Development
Research and Development
Compliance
Operations
Technology Transfer
Innovation
Strategy
Corporate Affairs
Intellectual Property Manager
Legal Counsel
Commercial Director
Licensing Manager
Business Development Manager
Chief Technology Officer
Research and Development Director
Innovation Manager
Contract Manager
Compliance Officer
Chief Legal Officer
Chief Executive Officer
Technology Transfer Officer
Intellectual Property Counsel
Commercial Operations Manager
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