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Royalty License
"Need a Royalty License agreement for licensing our patented software technology to a Singapore-based manufacturer, with quarterly payment terms and a minimum annual royalty of 5% of net sales, to commence from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the intellectual property being licensed
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted, including scope and territory
5. Royalty Payments: Payment terms, calculation methods, and reporting requirements
6. Term and Termination: Duration of agreement and circumstances for termination
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and requirements for licensed products - use when licensing trademarks or patents for product manufacturing
2. Sublicensing Rights: Terms for granting sublicenses - use when licensee may need to sublicense rights to third parties
3. Improvements: Rights to improvements or modifications - use when licensed IP may be improved or modified during the term
4. Export Controls: Compliance with export regulations - use when international trade is involved
5. Insurance: Required insurance coverage - use when licensed IP is used in high-risk applications
1. Schedule 1: Licensed IP: Detailed description of intellectual property being licensed
2. Schedule 2: Royalty Calculations: Detailed formula and examples for calculating royalties
3. Schedule 3: Territory: Detailed description of geographic scope
4. Schedule 4: Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5: Reporting Template: Format for royalty reports and sales documentation
Authors
Affiliate
Commencement Date
Confidential Information
Effective Date
Force Majeure
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Territory
Net Sales
Patents
Reporting Period
Royalty
Royalty Period
Royalty Rate
Royalty Report
Term
Trade Marks
Working Day
Improvements
Minimum Royalty Payment
Quality Standards
Sublicense
Technical Information
Technology
Background IP
Foreground IP
Know-How
Field of Use
Licensed Method
Audit Rights
Commercialization
Gross Revenue
Milestone Payments
Royalty Payments
Payment Terms
Intellectual Property Rights
Territory Restrictions
Quality Control
Audit Rights
Confidentiality
Representations and Warranties
Term and Termination
Record Keeping
Reporting Requirements
Performance Obligations
Sublicensing
Non-Competition
Improvements
Technical Support
Indemnification
Insurance
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Third Party Rights
Data Protection
Export Control
Anti-Corruption
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