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Intellectual Property License Agreement

Intellectual Property License Agreement Template for Malaysia

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Key Requirements PROMPT example:

Intellectual Property License Agreement

"I need an Intellectual Property License Agreement for licensing our company's patented manufacturing process to a Malaysian manufacturer, with exclusive rights in Southeast Asia, including quality control requirements and quarterly royalty payments starting March 2025."

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Document background
The Intellectual Property License Agreement serves as a crucial legal instrument for businesses seeking to monetize their intellectual property or acquire rights to use others' IP assets in Malaysia. This document is essential when one party wishes to grant another the right to use specific intellectual property rights while retaining ownership. It's particularly relevant in scenarios involving technology transfer, brand licensing, software licensing, or patent commercialization. The agreement must comply with Malaysian intellectual property laws, including the Patents Act 1983, Trade Marks Act 2019, Copyright Act 1987, and relevant competition laws. It provides comprehensive coverage of license terms, territorial restrictions, quality control measures, payment structures, and protection mechanisms while ensuring alignment with local regulatory requirements and business practices.
Suggested Sections

1. Parties: Identification and details of the Licensor and Licensee, including registration numbers and registered addresses

2. Background: Context of the agreement, ownership confirmation of the IP, and purpose of the license

3. Definitions: Detailed definitions of key terms used throughout the agreement, including specific IP-related terminology

4. Grant of License: Scope of the license, whether exclusive or non-exclusive, territory, and permitted uses

5. License Fee and Payment Terms: Financial terms including initial fees, royalties, payment schedule, and calculation methods

6. Protection of IP Rights: Obligations regarding IP protection, maintenance, and enforcement

7. Quality Control: Standards and requirements for use of the IP, inspection rights

8. Confidentiality: Protection of confidential information exchanged during the license relationship

9. Term and Termination: Duration of the agreement, renewal terms, and termination circumstances

10. Post-Termination Obligations: Obligations and rights of parties after agreement termination

11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

Optional Sections

1. Sub-licensing Rights: Include when the Licensee is permitted to sub-license the IP to third parties

2. Improvements: Include when dealing with patents or technical IP where improvements might be developed

3. Source Code Escrow: Include for software licensing agreements to protect the Licensee's interests

4. Export Control: Include when the IP might be subject to international trade restrictions

5. Marketing and Promotion: Include for trademark licenses or when specific marketing requirements exist

6. Technical Support: Include when ongoing technical support is part of the license arrangement

7. Alternative Dispute Resolution: Include when parties prefer mediation or arbitration over court proceedings

8. Insurance: Include when specific insurance requirements are needed for IP use

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed, including registration numbers

2. Schedule 2 - Technical Specifications: Technical details and requirements for use of the IP

3. Schedule 3 - Quality Control Standards: Specific quality standards and testing procedures

4. Schedule 4 - Payment Terms: Detailed breakdown of payment structure, royalty calculations

5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

6. Appendix A - Brand Guidelines: Guidelines for use of trademarks or branded materials

7. Appendix B - Territory Map: Geographical boundaries of the license if territorially restricted

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

Technology

Software Development

Manufacturing

Pharmaceuticals

Media and Entertainment

Fashion and Luxury Goods

Research and Development

Biotechnology

Consumer Products

Telecommunications

Relevant Teams

Legal

Intellectual Property

Research and Development

Business Development

Commercial

Compliance

Technology Transfer

Product Development

Finance

Corporate Strategy

Relevant Roles

Chief Legal Officer

Intellectual Property Counsel

Licensing Manager

Commercial Director

Chief Technology Officer

Research and Development Director

Business Development Manager

Legal Counsel

Compliance Officer

Intellectual Property Manager

Contract Manager

Technology Transfer Officer

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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