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Third Party License Agreement
"I need a Third Party License Agreement under Singapore law to license our proprietary software technology to a manufacturing company in Malaysia, including provisions for technical support and regular software updates starting from March 2025."
1. Parties: Identification of licensor, licensee, and any other relevant parties
2. Background: Context of the agreement and brief description of the licensed material/rights
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being licensed and scope of use
5. Term and Termination: Duration of license and conditions for termination
6. Payment Terms: License fees, royalties, and payment schedules
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Warranties and Representations: Legal guarantees and assurances from both parties
9. Indemnification: Protection against third-party claims and damages
10. Confidentiality: Protection of confidential information exchanged during the license period
11. Governing Law and Jurisdiction: Singapore law as governing law and jurisdiction for dispute resolution
1. Source Code Escrow: Terms for source code protection and access conditions - used for software licensing agreements
2. Territory Restrictions: Geographical limitations on license use - included when license is limited to specific regions
3. Minimum Performance Requirements: Required usage or sales targets - relevant for commercial distribution licenses
4. Data Protection: Compliance with PDPA and data protection requirements - needed when personal data processing is involved
5. Support and Maintenance: Terms for ongoing technical support and maintenance - included when support services are part of the agreement
1. Schedule 1 - Licensed Material: Detailed description of licensed intellectual property, including specifications and documentation
2. Schedule 2 - License Fees: Detailed breakdown of payment structure, including royalties and payment schedules
3. Schedule 3 - Technical Specifications: Technical details and requirements of the licensed material
4. Schedule 4 - Support Services: Details of maintenance and support provisions, including service levels and response times
5. Schedule 5 - Authorized Users: List of authorized users or user categories permitted to use the licensed material
Authors
Licensed Material
Intellectual Property Rights
Territory
Term
Effective Date
License Fees
Confidential Information
Documentation
Improvements
End User
Permitted Use
Related Companies
Technical Specifications
Support Services
Working Day
Intellectual Property Claims
Source Code
Updates
Third Party Components
Scope of License
License Fees
Payment Terms
Intellectual Property Rights
Confidentiality
Term and Termination
Warranties
Indemnification
Limitation of Liability
Assignment
Sub-licensing
Technical Support
Quality Control
Reporting Requirements
Audit Rights
Territory Restrictions
Force Majeure
Dispute Resolution
Governing Law
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Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
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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.