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Technology License Template for Denmark

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Technology License

Document background
The Technology License agreement under Danish law is essential for businesses seeking to monetize their technological innovations or acquire rights to use others' technology. This document is particularly relevant in scenarios involving software licensing, patent licensing, or transfer of technical know-how. The agreement must comply with Danish contract law principles, intellectual property regulations, and relevant EU directives. It typically includes detailed provisions about the scope of license, territory restrictions, payment structures, and technical support obligations. The document is crucial for protecting both the licensor's intellectual property rights and the licensee's commercial interests while ensuring compliance with Danish and EU competition laws. Technology License agreements are commonly used in cross-border transactions where at least one party is based in Denmark or has chosen Danish law as the governing law.
Suggested Sections

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

2. Background: Context of the agreement, description of the technology, and parties' objectives

3. Definitions: Defined terms including Technology, Licensed Rights, Territory, and Field of Use

4. Grant of License: Scope of license rights, including type (exclusive/non-exclusive), territory, and field restrictions

5. License Fees and Payment Terms: Financial terms, royalty calculations, payment schedules, and reporting requirements

6. Protection of Intellectual Property: IP ownership, protection measures, and handling of improvements

7. Technical Support and Documentation: Support obligations, documentation requirements, and training provisions

8. Warranties and Representations: Technology ownership, right to license, and performance warranties

9. Confidentiality: Protection of confidential information and trade secrets

10. Term and Termination: Duration, renewal options, and termination rights

11. Post-Termination Obligations: Return of materials, continuing obligations, and wind-down provisions

12. General Provisions: Standard legal clauses including governing law, dispute resolution, and assignment

Optional Sections

1. Source Code Escrow: Required if software source code is involved and needs to be held in escrow

2. Data Protection: Required if the technology processes personal data

3. Export Control: Required for technologies with potential dual-use applications

4. Quality Control: Required if licensee will manufacture products using the technology

5. Sublicensing Rights: Include if sublicensing is permitted

6. Maintenance and Updates: Required for software or technology requiring ongoing updates

7. Competition Law Compliance: Required for licenses with potential market impact or territorial restrictions

8. Open Source Components: Required if the technology incorporates open source software

Suggested Schedules

1. Schedule 1 - Technical Description: Detailed description of the licensed technology and technical specifications

2. Schedule 2 - License Fee Schedule: Detailed breakdown of license fees, royalty rates, and payment terms

3. Schedule 3 - Service Level Agreement: Performance metrics and support requirements

4. Schedule 4 - Implementation Plan: Timeline and milestones for technology implementation

5. Schedule 5 - Approved Sublicensees: List of pre-approved sublicensees if applicable

6. Schedule 6 - Technical Documentation: User manuals, technical guides, and documentation requirements

7. Appendix A - Contact Details: Key contacts for technical, commercial, and legal matters

8. Appendix B - Reporting Templates: Templates for royalty reports and other required reporting

Authors

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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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