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Technology License

Technology License Template for New Zealand

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Key Requirements PROMPT example:

Technology License

"I need a Technology License Agreement for licensing our AI-powered analytics software to enterprise customers in New Zealand and Australia, with specific provisions for data protection and cloud hosting restrictions."

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Document background
This Technology License Agreement template is designed for use in New Zealand business contexts where one party wishes to grant another party the right to use their proprietary technology, software, or intellectual property. The document is particularly relevant in today's digital economy where technology transfer and licensing are common business practices. It incorporates requirements from New Zealand's legal framework, including intellectual property laws, consumer protection legislation, and commercial law principles. The agreement is structured to protect both licensor and licensee interests while ensuring clear terms for technology usage, maintenance, and support. It's especially useful for businesses engaging in technology commercialization, software licensing, or intellectual property monetization within New Zealand's jurisdiction.
Suggested Sections

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

2. Background: Context of the agreement, including brief description of the technology and purpose of the license

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

4. License Grant: Scope, nature, and territory of the license (exclusive/non-exclusive, transferable/non-transferable)

5. License Fees and Payment Terms: Financial terms, payment schedule, and reporting requirements

6. Use Restrictions: Limitations on use, prohibited activities, and user restrictions

7. Intellectual Property Rights: Ownership of IP, protection measures, and infringement procedures

8. Technical Support and Maintenance: Support services, maintenance obligations, and service levels

9. Confidentiality: Protection of confidential information and trade secrets

10. Term and Termination: Duration, renewal terms, and termination circumstances

11. Warranties and Disclaimers: Technology performance warranties and limitation of liability

12. Indemnification: Mutual indemnification obligations and procedures

13. General Provisions: Standard boilerplate clauses including governing law, dispute resolution, and notices

Optional Sections

1. Source Code Escrow: Terms for source code escrow arrangements if required for business continuity

2. Data Protection and Privacy: Specific provisions for handling personal data if the technology processes user information

3. Third Party Components: Terms relating to third-party software or technology components included in the licensed technology

4. Export Control: Export compliance provisions if the technology is subject to export control regulations

5. Professional Services: Terms for additional implementation or customization services if offered

6. Sub-licensing Rights: Terms governing sub-licensing if permitted under the agreement

7. Development Rights: Provisions for technology modifications or developments by the licensee

8. Change Control: Procedures for managing changes to the technology or terms of use

Suggested Schedules

1. Schedule 1 - Licensed Technology: Detailed technical specifications and description of the licensed technology

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

3. Schedule 3 - Service Level Agreement: Technical support and maintenance service levels and response times

4. Schedule 4 - Acceptance Testing: Testing procedures and acceptance criteria for the technology

5. Schedule 5 - Authorized Users: Definition and limitations of authorized users if applicable

6. Appendix A - Technical Documentation: User manuals, technical documentation, and implementation guides

7. Appendix B - Security Requirements: Security standards and requirements for technology use

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

Information Technology

Software Development

Telecommunications

Manufacturing

Healthcare Technology

Financial Technology

Education Technology

Biotechnology

Clean Technology

Consumer Electronics

Defense Technology

Artificial Intelligence and Machine Learning

Internet of Things

Cybersecurity

Digital Media and Entertainment

Relevant Teams

Legal

Information Technology

Intellectual Property

Commercial

Business Development

Product Development

Compliance

Research and Development

Innovation

Software Development

Contract Administration

Technology Transfer

Relevant Roles

Chief Technology Officer

Legal Counsel

Intellectual Property Manager

Licensing Manager

Commercial Director

Business Development Manager

Technology Transfer Officer

Contract Manager

Chief Information Officer

Software Development Manager

Product Manager

Innovation Director

Compliance Officer

Technology Commercialization Manager

General Counsel

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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