This Out Licensing Agreement template is designed for use under Belgian law when a company wishes to grant rights to its intellectual property to another entity while retaining ownership. It's particularly relevant for businesses looking to expand their market reach, generate additional revenue streams, or enter new territories through licensing arrangements. The document incorporates requirements from Belgian civil law, the Belgian Code of Economic Law, and relevant EU regulations, particularly concerning competition law and technology transfer agreements. It includes comprehensive provisions for protecting the licensor's IP rights while providing the licensee with necessary commercial freedoms, along with detailed financial terms, quality control measures, and compliance requirements. This agreement type is commonly used across various industries, from technology and pharmaceuticals to consumer goods and manufacturing.
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1. Parties: Identification of the Licensor and Licensee with full legal details
2. Background: Context of the agreement, including ownership of IP and purpose of the license
3. Definitions: Defined terms used throughout the agreement, including technical terms and IP definitions
4. Grant of License: Scope of rights granted, territory, exclusivity/non-exclusivity, and field of use
5. Financial Terms: License fees, royalties, payment terms, reporting, and audit rights
6. IP Protection and Maintenance: Obligations regarding IP protection, maintenance fees, and prosecution responsibilities
7. Quality Control: Quality standards, approval procedures, and inspection rights
8. Representations and Warranties: Statements regarding IP ownership, right to license, and validity
9. Infringement: Procedures for handling third-party infringement and infringement claims
10. Confidentiality: Protection of confidential information exchanged under the agreement
11. Term and Termination: Duration, renewal options, and termination rights
12. Post-Termination Obligations: Rights and obligations that survive termination
13. General Provisions: Standard clauses including governing law, dispute resolution, and assignment
1. Sublicensing Rights: Include when licensee is permitted to sublicense the IP to third parties
2. Improvements: Include when parties anticipate technological improvements and need to address ownership and licensing of such improvements
3. Regulatory Compliance: Include for regulated industries (e.g., pharmaceuticals, medical devices)
4. Manufacturing Requirements: Include when license involves manufacturing of products
5. Marketing and Promotion: Include when license involves trademark usage or marketing obligations
6. Export Control: Include when licensed technology is subject to export control regulations
7. Source Code Escrow: Include for software licensing agreements
8. Technology Transfer: Include when significant technical assistance or know-how transfer is required
1. Schedule 1 - Licensed IP: Detailed list of all IP being licensed (patents, trademarks, copyright works, etc.)
2. Schedule 2 - Technical Specifications: Technical details of the licensed technology or products
3. Schedule 3 - Royalty Calculations: Detailed methodology for calculating royalties and examples
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Reporting Templates: Templates for regular reports required under the agreement
6. Schedule 6 - Territory: Detailed description of licensed territory including any restrictions
7. Schedule 7 - Development Milestones: If applicable, development or commercialization milestones
8. Appendix A - Form of Sublicense Agreement: Template sublicense agreement if sublicensing is permitted
Relevant legal definitions
Clauses
Relevant Industries
Technology
Pharmaceuticals
Biotechnology
Manufacturing
Consumer Goods
Software
Media & Entertainment
Telecommunications
Automotive
Healthcare
Chemical
Fashion & Luxury Goods
Relevant Teams
Legal
Intellectual Property
Research & Development
Business Development
Finance
Compliance
Technology Transfer
Innovation
Commercial
Corporate Development
Relevant Roles
Chief Legal Officer
IP Counsel
Licensing Manager
Commercial Director
Chief Technology Officer
Business Development Manager
Contract Manager
Head of R&D
Chief Financial Officer
IP Portfolio Manager
General Counsel
Technology Transfer Officer
Innovation Director
Compliance Officer
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