The Loan License Agreement is a specialized legal instrument used when a party requires both financial accommodation and rights to use specific property or technology from the same counterparty. This hybrid agreement, governed by Canadian law, is particularly useful in technology financing scenarios where companies need both capital and operational rights to intellectual property or software. The document combines standard loan provisions (including interest rates, repayment schedules, and security arrangements) with licensing terms (covering usage rights, restrictions, and maintenance obligations). It ensures compliance with Canadian federal and provincial regulations regarding interest rates, security registration, and intellectual property rights. The agreement is commonly used in technology acquisitions, software implementations, and equipment financing where the lender also controls the intellectual property or technology being deployed.
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1. Parties: Identification of all parties to the agreement including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the loan license arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Terms: Details of the loan including principal amount, interest rate, repayment terms, and security if any
5. License Grant: Scope and nature of the license being granted, including any territorial or time limitations
6. Payment Terms: Schedule of payments, payment methods, and consequences of default
7. Use Restrictions: Limitations and restrictions on the use of the licensed item
8. Intellectual Property Rights: Ownership and protection of intellectual property related to the licensed item
9. Representations and Warranties: Statements of fact and promises made by each party
10. Term and Termination: Duration of agreement and circumstances under which it can be terminated
11. Confidentiality: Obligations regarding confidential information
12. Indemnification: Obligations to protect against losses and liability
13. General Provisions: Standard legal provisions including notices, amendments, governing law, etc.
1. Security Interest: Required if the loan is secured against specific assets
2. Maintenance and Support: Include if the licensed item requires ongoing maintenance or technical support
3. Insurance: Include if insurance is required for the licensed item
4. Sub-licensing Rights: Include if sub-licensing is permitted
5. Data Protection: Required if personal data processing is involved
6. Export Control: Include if the licensed item is subject to export regulations
7. Source Code Escrow: Include for software licenses where source code protection is needed
8. Training and Implementation: Include if training or implementation services are part of the agreement
1. Schedule A - Licensed Item Description: Detailed description of the item being licensed
2. Schedule B - Payment Schedule: Detailed breakdown of all payment obligations including loan repayment schedule
3. Schedule C - Technical Requirements: Technical specifications and requirements for the licensed item
4. Schedule D - Service Level Agreement: Performance standards and support requirements if applicable
5. Schedule E - Security Agreement: Details of any security arrangements for the loan
6. Appendix 1 - Authorized Users: List of authorized users or usage locations if applicable
7. Appendix 2 - Maintenance Procedures: Detailed maintenance and support procedures if applicable
Relevant legal definitions
Clauses
Relevant Industries
Technology
Financial Services
Software Development
Manufacturing
Healthcare
Professional Services
Education
Research and Development
Telecommunications
Media and Entertainment
Relevant Teams
Legal
Finance
Treasury
Risk Management
Information Technology
Compliance
Operations
Commercial
Intellectual Property
Business Development
Relevant Roles
Chief Financial Officer
Legal Counsel
Finance Director
Technology Licensing Manager
Intellectual Property Manager
Contract Administrator
Risk Manager
Treasury Manager
Chief Technology Officer
Commercial Director
Business Development Manager
Compliance Officer
Financial Controller
Operations Director
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