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Amendment To License Agreement
"I need an Amendment to License Agreement under UAE law to extend our existing software license agreement with TechCorp Solutions LLC for an additional 5 years until March 15, 2025, and to expand the territory coverage to include all GCC countries."
1. Parties: Identifies the full legal names and addresses of all parties to the amendment, matching those in the original License Agreement
2. Background: References the original License Agreement (including date and parties), states the desire to amend, and confirms parties' authority to do so
3. Definitions: Defines key terms used in the amendment, incorporates definitions from original agreement, and adds any new definitions
4. Amendment Effective Date: Specifies when the amendments take effect and any conditions precedent
5. Amendments to Original Agreement: Details specific clauses being amended, showing both original and new language
6. Ratification: Confirms that all other terms of the original agreement remain in full force and effect
7. Entire Agreement: Establishes that this amendment and the original agreement constitute the entire understanding between parties
8. Governing Law: Confirms UAE law as governing law and jurisdiction
9. Execution: Signature blocks for all parties, including witness requirements under UAE law
1. Recitals of Additional Background: Used when complex circumstances led to the amendment requiring detailed explanation
2. Consideration: Include when there is new or additional consideration for the amendment
3. Regulatory Compliance: Required when amendments involve regulated activities or require regulatory approval
4. Third Party Consents: Include when amendments require approval from third parties
5. Transitional Provisions: Used when changes require implementation period or phasing
6. Amendment to Term: Include when modifying the duration of the original license
7. Amendment to Territory: Used when changing the geographic scope of the license
8. Amendment to Payment Terms: Include when modifying financial terms or royalty structures
1. Schedule of Amendments: Detailed table showing all specific changes to original agreement clauses
2. Revised Commercial Terms: Updated pricing, payment terms, or commercial conditions if applicable
3. Amended Licensed Rights: Details of any changes to the scope of licensed intellectual property
4. Required Consents and Approvals: Copies of third-party or regulatory approvals obtained for the amendment
5. Blackline Version: Comparison showing all changes between original and amended versions
6. Updated Technical Specifications: Any modified technical requirements or specifications for licensed technology
Authors
Technology & Software
Manufacturing
Pharmaceuticals
Media & Entertainment
Telecommunications
Healthcare
Automotive
Consumer Goods
Energy & Resources
Financial Services
Education
Retail & Franchise
Legal
Intellectual Property
Commercial
Business Development
Operations
Finance
Compliance
Risk Management
Product Development
Strategy
Procurement
Legal Counsel
Licensing Manager
Contract Administrator
Intellectual Property Manager
Commercial Director
Business Development Manager
Chief Technology Officer
Compliance Officer
General Counsel
Operations Director
Product Manager
Chief Financial Officer
Risk Manager
Partnership Manager
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