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Under Licence Agreement
"I need an Under Licence Agreement for my software company in Singapore to license our AI technology to a manufacturing company in Malaysia, with specific provisions for technical support and data protection compliance, to be effective from March 2025."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership of licensed property
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fee and Payment Terms: Financial terms including royalties and payment schedule
6. Term and Termination: Duration of agreement and termination conditions
7. Intellectual Property Rights: Protection of IP rights and ownership declarations
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards for licensed products/services - use when licensing involves manufacturing or service delivery
2. Territory: Geographical scope of the license - use when license is geographically restricted
3. Sub-licensing Rights: Rights to grant sub-licenses - use when sub-licensing may be permitted
4. Data Protection: PDPA compliance provisions - use when personal data processing is involved
1. Schedule 1: Licensed Property: Detailed description of licensed IP/property
2. Schedule 2: License Fees: Detailed breakdown of fees and royalties
3. Schedule 3: Technical Specifications: Technical details of licensed property - for technical licenses
4. Schedule 4: Quality Standards: Required quality standards and specifications - for manufacturing/service licenses
Authors
Affiliate
Business Day
Commencement Date
Confidential Information
Effective Date
Fee
Force Majeure Event
Intellectual Property Rights
Licensed Materials
Licensed Property
Licensed Rights
Licensed Territory
Licensee
Licensor
Net Sales
Party/Parties
Patents
Permitted Purpose
Quarter
Royalties
Specifications
Sub-license
Term
Termination Date
Trade Marks
Working Day
License Fee and Royalties
Payment Terms
Term and Duration
Termination
Intellectual Property Rights
Confidentiality
Warranties and Representations
Quality Control
Sub-licensing
Territory Restrictions
Non-Competition
Indemnification
Force Majeure
Assignment
Audit Rights
Record Keeping
Technical Support
Maintenance
Dispute Resolution
Governing Law
Liability Limitation
Insurance
Notices
Entire Agreement
Severability
Variation
Waiver
Data Protection
Export Control
Anti-Corruption
Compliance with Laws
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