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Product License Agreement

Product License Agreement Template for Malaysia

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Key Requirements PROMPT example:

Product License Agreement

"I need a Product License Agreement for my software company in Malaysia to license our new AI-powered analytics software to enterprise customers, with specific provisions for data protection and cloud hosting services, planned for launch in March 2025."

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Document background
The Product License Agreement serves as a crucial legal instrument in Malaysian business transactions, establishing the framework for authorized product usage between licensors and licensees. This document is essential when a company wants to grant another party the right to use, sell, or distribute their product while retaining ownership and controlling usage terms. The agreement must comply with Malaysian legislation, including the Contracts Act 1950, Consumer Protection Act 1999, and relevant intellectual property laws. It's particularly important in scenarios involving software, manufactured goods, or proprietary technology where controlled distribution and usage are necessary. The agreement typically includes comprehensive terms covering license scope, territory restrictions, payment structures, and compliance requirements specific to the Malaysian market.
Suggested Sections

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

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

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

4. Grant of License: Scope, nature, and limitations of the license granted

5. License Fees and Payment Terms: Financial terms, payment schedule, and related obligations

6. Intellectual Property Rights: Ownership and protection of IP rights in the licensed product

7. Term and Termination: Duration of agreement and circumstances for termination

8. Licensee Obligations: Key responsibilities and restrictions on the licensee's use of the product

9. Warranties and Representations: Warranties regarding the product and each party's authority

10. Limitation of Liability: Limits on parties' liability and exclusions

11. Confidentiality: Protection of confidential information exchanged

12. Governing Law and Jurisdiction: Application of Malaysian law and jurisdiction

13. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Maintenance and Support: Terms for ongoing product support and maintenance - include if technical support is part of the offering

2. Updates and New Versions: Rights and terms regarding product updates - relevant for software or digital products

3. Territory Restrictions: Geographic limitations on license use - include if license is territory-specific

4. Audit Rights: Licensor's rights to audit compliance - important for high-value or high-risk licenses

5. Data Protection: Compliance with PDPA 2010 - include if personal data is processed

6. Export Control: Export restrictions and compliance - relevant for international use

7. Source Code Escrow: Source code protection terms - relevant for software licenses

8. Training and Implementation: Terms for product implementation and user training - include if these services are offered

Suggested Schedules

1. Product Specification: Detailed technical specifications and features of the licensed product

2. License Fees Schedule: Detailed breakdown of all fees, payment terms, and calculation methods

3. Service Level Agreement: Performance standards and metrics for product support and maintenance

4. Acceptable Use Policy: Detailed terms of acceptable and prohibited uses of the licensed product

5. Support and Maintenance Terms: Detailed procedures and terms for technical support and maintenance

6. Implementation Plan: Timeline and milestones for product implementation, if applicable

7. Authorized Users: List of authorized users or user categories and their access rights

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






























Clauses






























Relevant Industries

Technology and Software

Manufacturing

Consumer Goods

Healthcare and Medical Devices

Automotive

Electronics

Entertainment and Media

Telecommunications

Industrial Equipment

Biotechnology

Relevant Teams

Legal

Commercial

Sales

Product Development

Compliance

Operations

Finance

Intellectual Property

Business Development

Risk Management

Relevant Roles

Legal Counsel

Licensing Manager

Commercial Director

Product Manager

Business Development Manager

Compliance Officer

Contract Administrator

Chief Technology Officer

Sales Director

Intellectual Property Manager

Risk Manager

Operations 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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