Exclusive License Agreement Template for Singapore

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Key Requirements PROMPT example:

Exclusive License Agreement

"Need an Exclusive License Agreement for our new software patent in Singapore, granting exclusive rights to a manufacturer in Southeast Asia, with quarterly royalty payments and quality control provisions. The agreement should start from March 2025."

Document background

An Exclusive License Agreement is essential when a rights holder wishes to grant sole usage rights of their intellectual property to another party in Singapore. This document, governed by Singapore law, establishes the exclusive relationship between licensor and licensee, defining the scope of rights, territorial limitations, quality standards, and commercial terms. It's particularly crucial for protecting both parties' interests while ensuring compliance with Singapore's IP laws, Competition Act, and relevant industry regulations.

Suggested Sections

1. Parties: Identifies the licensor and licensee with full legal details

2. Background: Context of the agreement and ownership of intellectual property

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Specific rights being licensed and scope of exclusivity

5. Territory: Geographical scope of the license

6. Term and Termination: Duration and conditions for ending the agreement

7. Payment Terms: Fees, royalties, and payment schedule

8. Representations and Warranties: Legal assurances and guarantees from both parties

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

10. Governing Law and Jurisdiction: Specification of Singapore law and jurisdiction for dispute resolution

Optional Sections

1. Quality Control: Standards and monitoring requirements for maintaining quality of licensed IP usage

2. Sub-licensing Rights: Terms and conditions under which the licensee may grant sub-licenses

3. Improvements: Rights and obligations regarding modifications and improvements to the licensed IP

4. Competition Compliance: Specific provisions ensuring compliance with competition laws

5. Insurance: Requirements for insurance coverage related to the licensed IP

Suggested Schedules

1. Schedule 1: Licensed IP: Detailed description and specification of intellectual property being licensed

2. Schedule 2: Territory: Detailed map or list of territories covered by the license

3. Schedule 3: Royalty Calculations: Detailed payment terms, calculation methods, and reporting requirements

4. Schedule 4: Quality Standards: Specific quality requirements, specifications, and monitoring procedures

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology
Manufacturing
Media & Entertainment
Pharmaceuticals
Consumer Goods

Relevant Teams

Legal
Intellectual Property
Commercial
Finance
Research & Development

Relevant Roles

Chief Legal Officer
IP Counsel
Commercial Director
Licensing Manager
Business Development Manager

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Let's create your Exclusive License Agreement

Authors

Alex Denne

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