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Non Perpetual License Template for Denmark

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Non Perpetual License

Document background
This Non-Perpetual License Agreement template is designed for use under Danish jurisdiction when one party (licensor) wishes to grant another party (licensee) temporary rights to use specific intellectual property, technology, or other proprietary assets. The document is particularly relevant for commercial licensing arrangements where the parties intend to establish a time-limited relationship with clear terms regarding usage rights, obligations, and termination procedures. It incorporates essential elements required under Danish contract law and intellectual property regulations, including specific provisions for payment terms, quality control, and compliance requirements. The agreement is structured to protect the licensor's intellectual property rights while providing the licensee with clear parameters for authorized use during the license period. This template is adaptable for various industries and can be customized based on the specific nature of the licensed material and the parties' commercial requirements.
Suggested Sections

1. Parties: Identification of the licensor and licensee with full legal names and registration details

2. Background: Context of the agreement and brief description of the licensed material/technology

3. Definitions: Definitions of key terms used throughout the agreement

4. Grant of License: Scope and nature of the license, including territory, field of use, and duration

5. License Period: Specific details about the duration of the license, renewal terms, and expiration

6. License Fees: Payment terms, amounts, payment schedule, and any adjustments

7. Intellectual Property Rights: Ownership and protection of IP rights, including any improvements or modifications

8. Obligations of the Licensor: Licensor's responsibilities including delivery, maintenance, and support

9. Obligations of the Licensee: Licensee's responsibilities including usage restrictions and reporting requirements

10. Warranties and Representations: Warranties provided by both parties regarding the licensed material and authority to contract

11. Limitation of Liability: Limits on liability and indemnification provisions

12. Confidentiality: Protection of confidential information exchanged under the agreement

13. Termination: Grounds for termination, notice requirements, and consequences of termination

14. Post-Termination Obligations: Obligations surviving termination and wind-down procedures

15. General Provisions: Standard provisions including governing law, notices, and amendment procedures

Optional Sections

1. Quality Control: Required when the license involves branded products or services requiring quality standards

2. Source Code Escrow: Applicable for software licenses where source code protection is needed

3. Training and Support: When the license includes provision of training or technical support services

4. Export Control: Required when licensed material may be subject to export regulations

5. Data Protection: Necessary when the licensed product involves processing personal data

6. Sublicensing Rights: Include when licensee is permitted to sublicense to third parties

7. Performance Requirements: When license includes minimum performance or sales targets

8. Insurance: When specific insurance coverage is required for the licensed activities

9. Audit Rights: When licensor requires right to audit licensee's use or revenue reporting

Suggested Schedules

1. Schedule 1 - Licensed Material: Detailed description of the licensed intellectual property or technology

2. Schedule 2 - Technical Specifications: Technical requirements and specifications for the licensed material

3. Schedule 3 - Fee Schedule: Detailed breakdown of license fees, payment terms, and calculation methods

4. Schedule 4 - Service Levels: Service level agreements and support requirements if applicable

5. Schedule 5 - Approved Sublicensees: List of approved sublicensees if sublicensing is permitted

6. Appendix A - Compliance Requirements: Specific compliance requirements and standards to be maintained

7. Appendix B - Report Templates: Templates for required reporting under the license

8. Appendix C - Contact Details: Key contacts and notice details for both parties

Authors

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Relevant Industries
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Relevant Roles
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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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