Technology Licensing Agreement Template for United States

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Key Requirements PROMPT example:

Technology Licensing Agreement

"I need a Technology Licensing Agreement for licensing our proprietary machine learning software to healthcare providers in North America, with specific provisions for data protection and HIPAA compliance, to be effective from March 2025."

Document background
Technology Licensing Agreements are crucial documents in today's technology-driven business environment. These agreements, governed by U.S. federal and state laws, are used when a technology owner wishes to monetize their intellectual property by allowing others to use it while maintaining ownership rights. They address critical aspects such as scope of use, territorial restrictions, royalty payments, and protection of intellectual property rights. The agreement must comply with various regulations including patent law, antitrust regulations, and export control requirements. It's particularly important when transferring valuable technological assets, protecting trade secrets, or establishing strategic partnerships.
Suggested Sections

1. Parties: Identification of licensor and licensee with full legal names and addresses

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

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

4. Grant of License: Scope of license, including type (exclusive/non-exclusive), territory, and field of use

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

6. IP Rights and Ownership: Confirmation of ownership and protection of intellectual property rights

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

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

Optional Sections

1. Improvements: Rights and obligations regarding technological improvements - include when ongoing development is expected

2. Sublicensing Rights: Terms for sublicensing to third parties - include when sublicensing may be desired

3. Technical Support: Terms for providing technical assistance - include when implementation support is needed

4. Quality Control: Standards for licensed product quality - include when brand reputation is important

5. Export Control: Compliance with export regulations - include when international use is involved

Suggested Schedules

1. Technology Description Schedule: Detailed technical specifications of licensed technology

2. Patent Schedule: List of patents covered by the license

3. Royalty Calculation Schedule: Detailed explanation of royalty calculations

4. Technical Support Services Schedule: Scope and terms of technical support if provided

5. Quality Standards Schedule: Detailed quality requirements and testing procedures

6. Territory Definition Schedule: Detailed description of licensed territory if geographical restrictions apply

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

Relevant legal definitions
Clauses
Industries

Patent Act (35 U.S.C.): Federal law governing patents, patent protection, and patent infringement in the United States. Essential for technology licensing agreements involving patented innovations.

Copyright Act (17 U.S.C.): Federal law protecting original works of authorship, including software, documentation, and other technical materials that may be part of the licensing agreement.

Trade Secrets Act & DTSA: Federal laws protecting confidential business information that provides competitive advantage. Critical for protecting proprietary technology and know-how in licensing agreements.

Sherman Antitrust Act: Primary federal antitrust law prohibiting anticompetitive business practices. Affects licensing terms to prevent monopolistic practices or market restraints.

Export Administration Regulations (EAR): Federal regulations controlling the export of commercial and dual-use technologies. Must be considered when licensing technology to foreign entities.

Uniform Commercial Code (UCC): State-adopted uniform law governing commercial transactions, including contract formation, warranties, and remedies applicable to technology licensing.

Data Privacy Laws: Various federal and state laws governing data protection and privacy, including CCPA and state-specific regulations that may affect technology implementation.

Internal Revenue Code: Federal tax laws affecting the treatment of licensing fees, royalties, and other payments related to technology licensing agreements.

Consumer Protection Laws: Federal and state laws protecting consumer rights, including warranty requirements and disclosure obligations for consumer-facing technology.

FCC Regulations: Federal Communications Commission rules governing telecommunications and wireless technologies that may be subject to licensing agreements.

State Contract Laws: Various state-specific contract laws affecting formation, enforcement, and interpretation of licensing agreements within specific jurisdictions.

Bankruptcy Law: Federal and state laws governing bankruptcy proceedings that may affect licensing rights and obligations in case of insolvency of either party.

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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