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Out Licensing Agreement
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement, ownership of IP, and purpose of the licensing arrangement
3. Definitions: Defined terms used throughout the agreement
4. Grant of License: Scope of license, territory, exclusivity, and field of use restrictions
5. Payment Terms: License fees, royalties, payment methods, and currency
6. Royalty Reports and Auditing: Reporting requirements, record-keeping obligations, and audit rights
7. Quality Control: Quality standards, approval procedures, and inspection rights
8. IP Protection: Trademark usage guidelines, patent marking requirements, and enforcement provisions
9. Representations and Warranties: Standard warranties regarding IP ownership, right to license, and non-infringement
10. Indemnification: Mutual indemnification obligations and procedures
11. Term and Termination: Duration, renewal options, and termination rights
12. Post-Termination Obligations: Rights and obligations that survive termination
13. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Confidentiality: Detailed confidentiality obligations when sensitive technical information is shared
2. Technical Support and Training: Terms for technical assistance and training if provided by licensor
3. Improvements: Rights and obligations regarding improvements to licensed technology
4. Sublicensing: Terms and conditions for sublicensing rights if granted
5. Manufacturing Requirements: Specific manufacturing standards and processes if applicable
6. Marketing and Promotion: Requirements for marketing and promoting licensed products
7. Regulatory Compliance: Industry-specific regulatory requirements if applicable
8. Export Control: Export control provisions for international licensing
1. Schedule 1 - Licensed IP: Detailed description of patents, trademarks, or other IP being licensed
2. Schedule 2 - Products: List and specifications of licensed products
3. Schedule 3 - Territory: Detailed description of licensed territory including any restrictions
4. Schedule 4 - Royalty Calculations: Detailed methodology for calculating royalties
5. Schedule 5 - Quality Standards: Detailed quality control requirements and specifications
6. Schedule 6 - Technical Information: Technical documentation and know-how being provided
7. Schedule 7 - Approved Form of Royalty Report: Template for required royalty reports
8. Schedule 8 - Trademark Usage Guidelines: Specific requirements for using licensed trademarks
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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