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Loan Licence Agreement
"I need a Loan Licence Agreement for software development tools, where my company will license the tools for 3 years starting January 2025, with monthly repayments and the ability to sublicense to our contractors."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the purpose
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific terms of the license including scope, territory, and duration
5. Payment Terms: Financial obligations, payment schedule, and interest rates
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Confidentiality: Protection of confidential information
8. Termination: Conditions for termination and consequences
9. Governing Law: Specification of Singapore law as governing law
1. Security: Details of any security provided for the loan - used when the loan requires collateral or security
2. Insurance: Requirements for insurance coverage - used when insurance is required to protect the licensed property
3. Sub-licensing: Terms for sub-licensing rights - used when sub-licensing is permitted
4. Quality Control: Standards and quality requirements - used when licensed property requires quality maintenance
5. Force Majeure: Provisions for unforeseen circumstances - used when protection against external events is needed
1. Schedule 1 - Licensed Property: Detailed description of the licensed property or rights
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3 - Technical Specifications: Technical details and requirements
4. Schedule 4 - Security Details: Details of any security arrangements
5. Appendix A - Usage Guidelines: Guidelines for proper use of licensed property
Authors
Business Day
Commencement Date
Confidential Information
Default Event
Effective Date
Intellectual Property Rights
Interest Rate
Licensed Property
Licensed Rights
License Fee
License Period
Loan Amount
Loan Period
Payment Date
Payment Schedule
Permitted Purpose
Repayment Schedule
Security
Territory
Term
Termination Date
Use
Working Hours
Source Code
Software Documentation
Technical Specifications
User Guidelines
Equipment
Maintenance Schedule
Operating Procedures
Safety Standards
Collateral
Security Interest
Secured Property
Security Documents
Assignment and Sub-licensing
Audit Rights
Confidentiality
Default
Dispute Resolution
Events of Default
Force Majeure
Further Assurance
Governing Law and Jurisdiction
Grant of Security
Indemnification
Insurance
Interest
Intellectual Property Rights
Liability Limitation
License Fee and Payment
Loan Terms
Maintenance and Support
Notices
Quality Control
Representations and Warranties
Repayment Terms
Security
Severability
Term and Termination
Third Party Rights
Use Restrictions
Variation
Waiver
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