Intellectual Property License Agreement Template for Singapore

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Key Requirements PROMPT example:

Intellectual Property License Agreement

"Need an Intellectual Property License Agreement under Singapore law for licensing our proprietary software algorithm to a manufacturing company, including strict quality control measures and the right to sub-license in Southeast Asia, with the agreement to commence from March 1, 2025."

Document background
The Intellectual Property License Agreement is essential when businesses or individuals wish to monetize their IP assets while retaining ownership, or when entities need to acquire rights to use protected IP. Used extensively in Singapore's technology-focused economy, this agreement defines the scope of licensed rights, territory restrictions, royalty structures, and quality control requirements. Singapore's sophisticated legal framework for IP protection makes it a preferred jurisdiction for IP licensing in the Asia-Pacific region, offering strong enforcement mechanisms and clear regulatory guidance.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and ownership of the IP rights

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Scope and nature of the license being granted

5. License Fee and Payment Terms: Financial terms including royalties and payment schedule

6. Term and Termination: Duration of agreement and circumstances for termination

7. Protection of IP Rights: Obligations regarding IP protection and enforcement

8. Confidentiality: Obligations regarding confidential information

9. General Provisions: Standard contractual provisions including governing law, notices, and assignment

Optional Sections

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

2. Sub-licensing Rights: Terms and conditions for sub-licensing of the IP rights

3. Quality Control: Standards and monitoring requirements for licensed products/services

4. Technical Support: Terms for technical assistance and support related to the licensed IP

5. Export Controls: Compliance with export control regulations

Suggested Schedules

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

2. Schedule 2: Territory: Geographic scope of the license

3. Schedule 3: Royalty Calculations: Detailed methodology for calculating royalties

4. Schedule 4: Quality Standards: Specific quality requirements and specifications

5. Schedule 5: Technical Specifications: Technical details and specifications of the licensed IP

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
Industries

Copyright Act 2021: Primary legislation governing copyright protection in Singapore, including rights of copyright owners and licensing provisions

Patents Act 1994: Core legislation for patent protection, registration, and licensing in Singapore

Trade Marks Act 1998: Primary law governing trademark registration, protection, and licensing in Singapore

Registered Designs Act 2000: Legislation protecting and regulating industrial designs and their licensing in Singapore

Geographical Indications Act 2014: Law protecting geographical indications and regulating their use in Singapore

Contract Law (Amendment) Act 2019: Updates to contract law affecting formation and enforcement of licensing agreements

Electronic Transactions Act 2010: Legislation governing electronic contracts and digital signatures in Singapore

Competition Act 2004: Law ensuring licensing terms don't create anti-competitive effects in the market

TRIPS Agreement: International treaty setting minimum standards for IP protection and licensing

Paris Convention: International treaty for industrial property protection, including patents and trademarks

Berne Convention: International agreement governing copyright protection across member states

Patent Cooperation Treaty: International patent law treaty providing unified procedure for patent filings

Singapore Treaty on the Law of Trademarks: International treaty harmonizing trademark registration procedures

IP (Dispute Resolution) Rules: Regulations governing IP dispute resolution procedures in Singapore

Patents Rules: Detailed regulations implementing the Patents Act in Singapore

Trade Marks Rules: Specific regulations for trademark registration and administration in Singapore

Common Law Principles: English common law principles applied in Singapore courts for contract interpretation and enforcement

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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