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Irrevocable License
"I need an Irrevocable License agreement under Singapore law to grant perpetual rights to our AI software technology to a European manufacturer, with quarterly royalty payments and quality control requirements, starting from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license agreement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Explicit statement of the irrevocable license terms and scope
5. Duration: Term of the license and confirmation of its irrevocable nature
6. Payment Terms: Financial considerations, royalties, and payment schedule
7. Use Rights and Restrictions: Specific permitted uses and limitations of the licensed property
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and requirements for use of licensed property when licensing trademarks or branded content
2. Territory: Geographic scope of the license when territory-specific restrictions apply
3. Sublicensing Rights: Terms for sublicensing if permitted, including conditions and restrictions
4. Data Protection: PDPA compliance provisions when personal data is involved in the license agreement
1. Schedule 1: Licensed Property: Detailed description of the intellectual property being licensed
2. Schedule 2: Technical Specifications: Technical details and requirements for use of licensed property
3. Schedule 3: Fee Schedule: Detailed breakdown of payment terms and calculations
4. Schedule 4: Quality Control Standards: Specific quality requirements and compliance measures
Authors
Commencement Date
Confidential Information
Effective Date
Intellectual Property Rights
Licensed Property
Licensed Rights
License Fee
Licensed Territory
Licensed Use
Licensee
Licensor
Parties
Patent Rights
Permitted Purpose
Quality Standards
Royalties
Specifications
Term
Third Party
Trade Marks
Working Day
Scope of License
Territory
Duration
Payment Terms
Royalties
Quality Control
Intellectual Property Rights
Warranties
Representations
Confidentiality
Non-Competition
Use Restrictions
Compliance
Record Keeping
Audit Rights
Indemnification
Force Majeure
Assignment
Sub-licensing
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Third Party Rights
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