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Notice Of Termination Of License Agreement
"I need to draft a Notice Of Termination Of License Agreement to end our software licensing arrangement with TechCorp Asia due to their repeated payment defaults, with termination to take effect on March 15, 2025, and need to include specific provisions about the return of source code materials."
1. Date: Current date of notice
2. Recipient Details: Full name and address of the licensee
3. License Agreement Reference: Details of the original license agreement including date and parties
4. Notice of Termination Statement: Clear statement of intention to terminate
5. Effective Date: Date when termination becomes effective
6. Grounds for Termination: Reference to relevant clause or reason for termination
1. Post-Termination Obligations: Include when specific actions are required after termination
2. Outstanding Payments: Include when there are pending financial matters
3. Return of Materials: Include when physical or digital materials must be returned
4. Confidentiality Reminder: Include when emphasizing ongoing confidentiality obligations
1. Original License Agreement: Copy of the agreement being terminated
2. Proof of Breach: If termination is due to breach, documentation of the breach
3. Statement of Outstanding Amounts: If there are pending financial matters
4. Handover Schedule: Timeline for returning materials or transitioning services
Authors
Effective Date
Initial License Agreement
Intellectual Property Rights
License
Licensed Materials
Licensed Products
Licensed Technology
Licensor
Licensee
Notice Period
Parties
Post-Termination Obligations
Termination Date
Territory
Confidential Information
Outstanding Fees
Royalties
Surviving Provisions
Working Day
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