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Technology License Agreement

Technology License Agreement Template for Ireland

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Key Requirements PROMPT example:

Technology License Agreement

"I need a Technology License Agreement governed by Irish law for licensing our AI-powered financial analytics software to enterprise customers in the EU, with implementation services and source code escrow provisions to be effective from March 2025."

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Document background
The Technology License Agreement is a crucial legal instrument used when one party wishes to grant another party the right to use, implement, or commercialize specific technology while retaining ownership rights. This agreement is particularly relevant in the Irish market and must comply with both Irish law and EU regulations, including the Copyright and Related Rights Act 2000, Data Protection Act 2018, and relevant EU directives. It's commonly used for software licensing, technology transfer, patent licensing, and platform access rights. The agreement should address key aspects such as scope of license, territory restrictions, payment terms, technical support, and compliance with Irish consumer protection laws where applicable. It's essential for technology transactions in Ireland and cross-border deals where Irish law is chosen as the governing law.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee

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

3. Definitions: Definitions of technical terms, capitalized terms, and key concepts used in the agreement

4. License Grant: Scope of the license, permitted uses, and restrictions on use of the technology

5. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements or derivatives

6. Payment Terms: License fees, royalties, payment schedule, and payment methods

7. Term and Termination: Duration of the agreement, renewal terms, and termination rights

8. Confidentiality: Protection of confidential information and trade secrets

9. Warranties and Representations: Warranties regarding the technology, ownership, and performance

10. Limitation of Liability: Limitations on liability and disclaimers

11. Support and Maintenance: Basic support obligations and maintenance terms

12. Assignment and Sublicensing: Rights and restrictions regarding transfer of license rights

13. Governing Law and Jurisdiction: Application of Irish law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, entire agreement, and severability

Optional Sections

1. Implementation Services: Terms for implementation and integration services, if required

2. Professional Services: Terms for additional professional services like training or consulting

3. Source Code License: Specific terms for source code access and use, if applicable

4. Export Control: Compliance with export control regulations, if technology is subject to export restrictions

5. Data Protection: GDPR and data protection compliance terms, if personal data is processed

6. Service Levels: Specific service level commitments and remedies, if applicable

7. Escrow: Source code escrow provisions, if required for business continuity

8. Audit Rights: Rights to audit usage and compliance, if needed

9. Change Control: Process for managing changes to the technology or services

10. Insurance: Specific insurance requirements beyond standard coverage

Suggested Schedules

1. Schedule 1 - Licensed Technology: Detailed description of the licensed technology, including specifications and documentation

2. Schedule 2 - License Fees and Royalties: Detailed pricing structure, payment terms, and calculation of royalties

3. Schedule 3 - Support and Maintenance Services: Detailed support levels, response times, and maintenance procedures

4. Schedule 4 - Service Levels: Technical performance metrics and service level requirements

5. Schedule 5 - Implementation Plan: Timeline and milestones for implementation, if applicable

6. Schedule 6 - Authorized Users: Definition and limitations of authorized users and usage

7. Schedule 7 - Technical Requirements: Hardware, software, and network requirements for the technology

8. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms, if applicable

9. Appendix B - Security Requirements: Security standards and requirements for the technology

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Information Technology

Software Development

Financial Services

Healthcare Technology

Manufacturing

Telecommunications

E-commerce

Educational Technology

Biotechnology

Industrial Automation

Digital Media

Cloud Services

Artificial Intelligence

Internet of Things

Cybersecurity

Relevant Teams

Legal

Information Technology

Intellectual Property

Procurement

Research and Development

Commercial

Compliance

Product Development

Sales

Risk Management

Business Development

Operations

Relevant Roles

Chief Technology Officer

Legal Counsel

Intellectual Property Manager

Licensing Manager

Technology Transfer Officer

Commercial Director

Software Development Manager

Chief Information Officer

Procurement Manager

Contract Administrator

Business Development Manager

Chief Legal Officer

Technology Compliance Officer

Product Manager

Sales Director

Risk Manager

Industries










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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