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Exclusive Patent License Agreement
1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including brief description of the patent(s) and the parties' intentions
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Specific terms of the exclusive license, including territorial scope and field of use
5. Patent Rights: Detailed description of the licensed patent rights, including patent numbers and jurisdictions
6. License Fees and Royalties: Financial terms including upfront payments, ongoing royalties, and payment terms
7. Records and Audit Rights: Requirements for maintaining records and the licensor's right to audit
8. Improvements and New Developments: Handling of improvements to the licensed technology and ownership rights
9. Protection and Enforcement: Responsibilities for maintaining and enforcing the patent rights
10. Representations and Warranties: Standard warranties regarding patent ownership, validity, and right to license
11. Confidentiality: Obligations regarding confidential information exchanged under the agreement
12. Term and Termination: Duration of the agreement and grounds for termination
13. Post-Termination Obligations: Obligations that survive termination of the agreement
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Sublicensing Rights: Include when licensee is permitted to grant sublicenses to third parties
2. Quality Control: Include for licenses involving manufacturing of products to ensure quality standards
3. Joint Development: Include when parties will collaborate on further development of the technology
4. Export Control: Include when licensed technology is subject to export control regulations
5. Insurance: Include when specific insurance coverage is required for the licensed activities
6. Technology Transfer: Include when technical assistance or knowledge transfer is part of the agreement
7. Competition Law Compliance: Include detailed provisions when the exclusive license might raise competition law concerns
8. Change of Control: Include when agreement terms should be affected by change in control of either party
9. Alternative Dispute Resolution: Include when parties prefer mediation or arbitration over court proceedings
1. Schedule A - Licensed Patents: Detailed list of all licensed patents and patent applications, including registration numbers and jurisdictions
2. Schedule B - Technical Description: Detailed technical description of the licensed technology and its implementation
3. Schedule C - Royalty Calculations: Detailed methodology for calculating royalties, including examples
4. Schedule D - Development Milestones: Specific technical or commercial milestones to be achieved by the licensee
5. Schedule E - Quality Standards: Technical specifications and quality standards for licensed products
6. Schedule F - Approved Sublicensees: List of pre-approved sublicensees, if applicable
7. Schedule G - Technical Support Terms: Details of any technical support or training to be provided by licensor
8. Appendix 1 - Form of Royalty Report: Template for periodic royalty reports to be submitted by licensee
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