Master Rights Agreement Template for New Zealand

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Key Requirements PROMPT example:

Master Rights Agreement

"I need a Master Rights Agreement for a software company granting exclusive distribution rights to a global tech distributor, including rights to sub-license in Asia-Pacific regions, with the agreement to commence in March 2025."

Document background
The Master Rights Agreement serves as a foundational document for businesses seeking to establish long-term intellectual property licensing relationships in New Zealand. This agreement type is particularly useful when one party owns valuable intellectual property rights and wishes to grant comprehensive usage rights to another party while maintaining control over quality and implementation. The document needs to comply with New Zealand's legal framework, including the Copyright Act 1994, Fair Trading Act 1986, and Contract and Commercial Law Act 2017. It typically includes detailed provisions for rights exploitation, quality control, payment structures, and territorial limitations, making it suitable for both domestic and international business arrangements. The Master Rights Agreement is designed to be flexible enough to accommodate various types of intellectual property while providing a robust framework for managing the ongoing relationship between the parties.
Suggested Sections

1. Parties: Identification and details of the contracting parties

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

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. Grant of Rights: Scope and nature of rights being granted, including any territorial limitations

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Payment Terms: Financial terms, including fees, royalties, and payment schedules

7. Rights Protection: Obligations regarding protection and enforcement of the licensed rights

8. Quality Control: Standards and requirements for use of the licensed rights

9. Representations and Warranties: Statements of fact and promises made by each party

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

11. Termination: Circumstances and procedures for ending the agreement

12. Post-Termination Obligations: Obligations that survive after the agreement ends

13. General Provisions: Standard legal clauses including governing law, notices, and assignment

Optional Sections

1. Minimum Performance Requirements: Used when specific performance targets or minimum royalties are required

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

3. Marketing and Promotion: Include when specific marketing obligations or restrictions apply

4. Technical Support: Used when ongoing technical support or maintenance is part of the agreement

5. Competition Restrictions: Include when there are non-compete or exclusivity provisions

6. Audit Rights: Include when regular auditing of licensee's activities is required

7. Development Obligations: Used when the agreement includes obligations to develop or improve the licensed rights

8. Insurance Requirements: Include when specific insurance coverage is required

9. Export Control: Include when rights involve international transfer or usage

Suggested Schedules

1. Schedule 1 - Licensed Rights: Detailed description of all intellectual property rights covered by the agreement

2. Schedule 2 - Territory: Specific geographical areas where rights may be exercised

3. Schedule 3 - Fees and Royalties: Detailed payment terms, calculations, and reporting requirements

4. Schedule 4 - Technical Specifications: Technical requirements and standards for using the licensed rights

5. Schedule 5 - Quality Control Guidelines: Specific quality control procedures and standards

6. Schedule 6 - Approved Sub-licensees: List of pre-approved sub-licensees (if applicable)

7. Schedule 7 - Reporting Requirements: Templates and procedures for required reports

8. Appendix A - Brand Guidelines: Guidelines for use of trademarks and branding elements

9. Appendix B - Service Level Agreement: Technical support and maintenance standards (if applicable)

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

Technology

Media and Entertainment

Software Development

Publishing

Consumer Goods

Retail

Digital Content

Gaming

Fashion and Apparel

Pharmaceuticals

Manufacturing

Telecommunications

Research and Development

Advertising and Marketing

Education

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Licensing

Compliance

Brand Management

Content Management

Partnerships

Risk Management

Corporate Affairs

Product Development

Operations

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Commercial Manager

Business Development Manager

Rights Management Officer

Contract Administrator

Chief Legal Officer

IP Portfolio Manager

Compliance Officer

Brand Manager

Content Licensing Manager

Partnership Director

Technology Transfer Officer

General Counsel

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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