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License Arrangement
"I need a License Arrangement for my Singapore-based software company to license our AI analytics platform to a multinational bank, with territorial restrictions for APAC region only and specific data protection clauses starting from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license arrangement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of the license and termination conditions
6. Payment Terms: License fees, royalties, and payment conditions
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and quality requirements for licensed products or services that need quality maintenance
2. Territory: Geographical scope of the license when territory-specific restrictions apply
3. Sub-licensing Rights: Rights to grant sub-licenses when such permissions are relevant to the arrangement
4. Confidentiality: Protection of confidential information when sensitive information is involved in the license
1. Schedule 1 - Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2 - Royalty Calculations: Detailed breakdown of royalty calculations and payment terms
3. Schedule 3 - Quality Standards: Specific quality requirements and standards
4. Schedule 4 - Territory Definition: Detailed description of licensed territories
Authors
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvement
Intellectual Property Rights
License
Licensed Products
Licensed Technology
Licensed Territory
Licensee
Licensor
Net Sales
Patents
Royalties
Term
Termination Date
Trade Marks
Technical Information
Quality Standards
Reporting Period
Subsidiary
Sub-license
Working Day
Scope of License
Term and Duration
Payment and Royalties
Quality Control
Intellectual Property Rights
Confidentiality
Warranties and Representations
Indemnification
Territory Restrictions
Sub-licensing Rights
Technical Support
Improvements
Record Keeping
Audit Rights
Force Majeure
Termination
Assignment
Non-Competition
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Third Party Rights
Compliance with Laws
Insurance
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