Out Licensing Agreement Template for Singapore

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Key Requirements PROMPT example:

Out Licensing Agreement

"Need an Out Licensing Agreement under Singapore law to license our proprietary software technology to multiple distributors across Southeast Asia, with specific provisions for quality control and regular audit rights, planned to commence from March 2025."

Document background

The Out Licensing Agreement is essential when a business wants to monetize its intellectual property by allowing others to use it while retaining ownership. This document, governed by Singapore law, is particularly relevant in today's knowledge-based economy where IP licensing is a crucial business strategy. It covers essential elements such as license scope, territory, payment terms, quality control, and termination provisions. Singapore's sophisticated legal system, with its strong IP protection regime and international recognition, makes it an ideal jurisdiction for such agreements, especially in Asia-Pacific transactions.

Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and ownership of IP rights

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Scope and nature of the license being granted

5. License Fees and Royalties: Payment terms, royalty calculations, and reporting requirements

6. Intellectual Property Rights: Protection and ownership of IP rights, including improvements

7. Confidentiality: Protection of confidential information exchanged during the agreement

8. Term and Termination: Duration of agreement and circumstances for termination

9. Warranties and Indemnities: Representations, warranties, and indemnification obligations

10. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms

Optional Sections

1. Quality Control: Standards, monitoring requirements, and quality assurance provisions for licensed products/services

2. Sub-licensing Rights: Terms and conditions for granting sub-licenses to third parties

3. Improvements: Rights and obligations regarding technological improvements or modifications

4. Export Control: Compliance with export control regulations and restrictions

5. Technical Support: Terms for provision of technical assistance and support

Suggested Schedules

1. Schedule 1: Licensed IP: Detailed description of intellectual property being licensed including patent numbers, trademarks, or copyrighted works

2. Schedule 2: Territory: Geographical scope of the license and any territorial restrictions

3. Schedule 3: Royalty Calculations: Detailed methodology for calculating royalties, including reporting templates

4. Schedule 4: Quality Standards: Specific quality requirements, specifications, and testing procedures

5. Schedule 5: Approved Sub-licensees: List of pre-approved sub-licensees and their territories (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology
Pharmaceuticals
Manufacturing
Media & Entertainment
Consumer Goods

Relevant Teams

Legal
Intellectual Property
Business Development
Finance
Research & Development

Relevant Roles

Chief Technology Officer
IP Counsel
Licensing Manager
Business Development Director
Commercial Director

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Let's create your Out Licensing Agreement

Authors

Alex Denne

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