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Technology License Agreement Template for New Zealand

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Key Requirements PROMPT example:

Technology License Agreement

"I need a Technology License Agreement for licensing our AI-powered customer service software to a nationwide retail chain in New Zealand, with exclusive territory rights and source code escrow provisions, planned to commence on March 1, 2025."

Document background
The Technology License Agreement is a crucial legal document used when one party wishes to grant another party the right to use, implement, or commercialize specific technology while retaining ownership. This agreement, governed by New Zealand law, is essential for protecting intellectual property rights while enabling technology transfer and commercialization. It incorporates requirements from various New Zealand statutes including the Contract and Commercial Law Act 2017, Patents Act 2013, and Copyright Act 1994. The agreement is particularly relevant in today's digital economy where technology licensing is a common business model. It covers critical elements such as license scope, territorial restrictions, payment terms, technical support, and compliance requirements, while ensuring alignment with New Zealand's legal framework and business practices.
Suggested Sections

1. Parties: Identifies and provides full legal details of the licensor and licensee

2. Background: Describes the context of the agreement, including ownership of the technology and purpose of the license

3. Definitions: Defines key terms used throughout the agreement, including technical terms specific to the licensed technology

4. Grant of License: Specifies the scope, nature (exclusive/non-exclusive), and territory of the license granted

5. License Fees and Payment Terms: Details the payment structure, including upfront fees, royalties, and payment schedules

6. Intellectual Property Rights: Clarifies ownership of IP, including improvements and modifications

7. Confidentiality: Provisions protecting confidential information exchanged during the license relationship

8. Warranties and Representations: Statements about technology ownership, performance, and non-infringement

9. Support and Maintenance: Obligations regarding technical support, updates, and maintenance services

10. Term and Termination: Duration of the agreement and circumstances for termination

11. Post-Termination Obligations: Rights and obligations that survive after agreement termination

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

Optional Sections

1. Development Obligations: Used when the technology requires further development or customization

2. Source Code Escrow: Important when licensing software and source code access might be needed under specific conditions

3. Data Protection: Required when the technology involves processing personal data

4. Export Control: Necessary when the technology is subject to export control regulations

5. Quality Control: Important when the licensee will be manufacturing products using the licensed technology

6. Audit Rights: Used when there's a need to verify royalty calculations or compliance

7. Sub-licensing Rights: Included when the licensee may need to sublicense the technology

8. Training and Implementation: Required when complex technology requires specific training or implementation support

9. Competition Law Compliance: Important when the license contains territorial restrictions or exclusive arrangements

Suggested Schedules

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

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, royalties, and payment terms

3. Schedule 3 - Service Level Agreement: Specific metrics and standards for support and maintenance services

4. Schedule 4 - Technical Documentation: List of all technical documentation to be provided with the license

5. Schedule 5 - Implementation Plan: Timeline and milestones for technology implementation

6. Schedule 6 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

7. Appendix A - Security Requirements: Technical security standards and requirements

8. Appendix B - Acceptance Testing: Criteria and procedures for acceptance testing of the technology

Authors

Alex Denne

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

Relevant legal definitions













































Clauses









































Relevant Industries

Information Technology

Software Development

Telecommunications

Manufacturing

Healthcare Technology

Financial Technology

Biotechnology

Education Technology

Industrial Automation

Research and Development

Consumer Electronics

Digital Media

Clean Technology

Artificial Intelligence

Internet of Things

Relevant Teams

Legal

Information Technology

Research and Development

Intellectual Property

Business Development

Commercial

Compliance

Software Development

Innovation

Product Management

Contract Administration

Technical Operations

Relevant Roles

Chief Technology Officer

Legal Counsel

Intellectual Property Lawyer

Licensing Manager

Technology Transfer Officer

Business Development Manager

Contract Manager

Innovation Director

Patent Attorney

Software Development Manager

Chief Information Officer

Commercial Director

Research and Development Director

Technology Commercialization Manager

Compliance 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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