Technology License Agreement Generator for Singapore

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Key Requirements PROMPT example:

Technology License Agreement

"Need a Technology License Agreement for licensing our proprietary machine learning software to a Singapore-based manufacturing company, with exclusive rights in Southeast Asia and including provisions for technical support and source code escrow, to be effective from March 2025."

Document background
The Technology License Agreement is essential when one party wishes to commercialize their technology while maintaining ownership rights. This document is commonly used in Singapore's technology sector and is drafted in accordance with local laws and regulations. The agreement covers crucial aspects such as license scope, territory restrictions, royalty structures, and IP protection. It's particularly relevant for Singapore's growing technology sector and must comply with the country's robust IP protection framework and technology transfer regulations.
Suggested Sections

1. Parties: Identification of licensor and licensee, including registration details and addresses

2. Background: Context of the agreement, including description of the technology and purpose of licensing

3. Definitions: Key terms used throughout the agreement including Technology, Licensed Rights, Territory, etc.

4. Grant of License: Scope of license, including territory, exclusivity, and field of use restrictions

5. Payment Terms: License fees, royalties, payment schedule, and reporting requirements

6. IP Rights and Protection: Ownership of IP, protection measures, and handling of improvements

7. Confidentiality: Protection of confidential information and trade secrets

8. Term and Termination: Duration, renewal options, and termination circumstances

Optional Sections

1. Technical Support: Terms for technical assistance and support when ongoing technical support is part of the agreement

2. Source Code Escrow: Terms for source code protection and access when licensing software technology

3. Export Control: Export restrictions and compliance requirements when technology may be subject to export controls

4. Technology Transfer: Process and terms for transferring technology when physical transfer or training is required

Suggested Schedules

1. Schedule 1 - Technical Description: Detailed description of the licensed technology

2. Schedule 2 - Payment Schedule: Detailed breakdown of fees, royalties, and payment terms

3. Schedule 3 - Technical Support Services: Specification of support services and service levels

4. Schedule 4 - Licensed Patents/IP: List of specific IP rights covered by the license

5. Schedule 5 - Performance Requirements: Minimum performance or usage requirements 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

Clauses
Industries

Copyright Act 2021: Primary legislation governing copyright protection in Singapore, crucial for software and documentation licensing

Patents Act 1994: Governs patent protection and licensing of patented technologies in Singapore

Trade Marks Act 1998: Regulates trademark protection and licensing of branded technology

Registered Designs Act 2000: Covers protection and licensing of industrial designs related to technology

Trade Secrets Protection: Common law protection for confidential information and trade secrets

Electronic Transactions Act 2010: Governs electronic contracts and digital signatures in technology agreements

Unfair Contract Terms Act 1994: Regulates unfair terms in contracts, including technology licenses

Competition Act 2004: Ensures licensing terms don't violate anti-competitive provisions in Singapore

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in technology implementations

Cybersecurity Act 2018: Establishes framework for protection of critical information infrastructure and cybersecurity

Computer Misuse Act: Provides for computer security and prevents unauthorized access and modification of computer material

TRIPS Agreement: International treaty affecting IP rights and technology transfer in Singapore

License Scope Provisions: Legal requirements for defining exclusive/non-exclusive rights and territorial restrictions

Royalty Regulations: Legal framework for structuring technology licensing payments and royalties

Warranty and Indemnity Laws: Legal requirements for warranties and indemnities in technology licensing

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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