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Non Transferable License
"I need a Non Transferable License agreement for software we've developed, to be used by a Singapore-based manufacturing company for their internal operations only, with a license fee of $50,000 per year starting March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license and ownership of intellectual property
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Non-transferability Clause: Express prohibition on transfer or assignment
6. Term and Termination: Duration and conditions for termination
7. Payment Terms: License fees and payment conditions
1. Territory Restrictions: Geographic limitations on license use - include when license is geographically restricted
2. Quality Control: Standards and quality requirements - include for trademark or manufacturing licenses
3. Source Code Escrow: Terms for source code protection - include for software licenses
1. Schedule 1 - Licensed Property: Detailed description of licensed IP
2. Schedule 2 - License Fees: Detailed payment schedule and calculations
3. Schedule 3 - Technical Specifications: Technical details and requirements for technical licenses
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Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.