The Foreign Licensing Agreement is a crucial document for international business transactions in the Philippines, particularly when foreign companies wish to license their intellectual property, technology, or proprietary rights to Philippine entities. This agreement type is specifically designed to comply with Philippine regulatory requirements, including the Technology Transfer Act, Intellectual Property Code, and Foreign Investments Act. It typically includes detailed provisions for technology transfer, quality control standards, royalty payments, and technical support arrangements. The document must address specific Philippine requirements regarding foreign exchange, technology transfer registration, and competition law compliance. Foreign Licensing Agreements are particularly important in sectors requiring significant technology transfer or intellectual property rights, such as manufacturing, technology, and pharmaceutical industries.
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1. Parties: Identification of the licensor and licensee, including complete legal names, addresses, and registration details
2. Background: Context of the agreement, including brief description of the licensed property and business relationship
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Scope and nature of the license (exclusive/non-exclusive), territorial limitations, and permitted uses
5. License Fees and Royalties: Payment terms, calculation of royalties, payment schedules, and reporting requirements
6. Protection of Intellectual Property: Provisions for IP protection, ownership rights, and handling of improvements
7. Quality Control: Standards, specifications, and quality assurance requirements
8. Confidentiality: Protection of confidential information and trade secrets
9. Term and Termination: Duration of agreement, renewal terms, and termination conditions
10. Warranties and Representations: Warranties regarding IP ownership, right to license, and compliance with laws
11. Indemnification: Mutual indemnification obligations and liability limitations
12. Governing Law and Dispute Resolution: Choice of law, jurisdiction, and dispute resolution mechanisms
13. General Provisions: Standard boilerplate clauses including force majeure, notices, and assignment
1. Technology Transfer Provisions: Specific provisions required when the license includes technology transfer components
2. Sub-licensing Rights: Terms and conditions for sub-licensing, if permitted
3. Training and Technical Support: Details of technical assistance, training, and ongoing support
4. Export Control: Export restrictions and compliance requirements
5. Marketing and Promotion: Rights and obligations regarding marketing of licensed products
6. Improvements and New Developments: Handling of improvements, modifications, and new developments
7. Local Content Requirements: Provisions addressing Philippine local content requirements if applicable
8. Competition Law Compliance: Specific provisions ensuring compliance with Philippine competition laws
1. Schedule A - Licensed Property: Detailed description of licensed intellectual property, including registration numbers
2. Schedule B - Technical Specifications: Technical details, standards, and specifications for licensed technology or products
3. Schedule C - Quality Control Standards: Detailed quality control requirements and procedures
4. Schedule D - Royalty Calculations: Detailed methodology for calculating royalties and other fees
5. Schedule E - Approved Territory: Detailed description of approved territorial scope
6. Schedule F - Required Registrations: List of required government registrations and approvals
7. Appendix 1 - Technology Transfer Documentation: Technical documentation and transfer procedures
8. Appendix 2 - Form of Quality Control Reports: Templates for quality control reporting
Relevant legal definitions
Clauses
Relevant Industries
Technology and Software
Manufacturing
Pharmaceuticals
Consumer Goods
Telecommunications
Automotive
Electronics
Food and Beverage
Healthcare
Industrial Equipment
Research and Development
Biotechnology
Entertainment and Media
Relevant Teams
Legal
Intellectual Property
Business Development
International Operations
Technical Operations
Compliance
Regulatory Affairs
Finance
Research and Development
Commercial Operations
Corporate Strategy
Relevant Roles
Chief Legal Officer
Intellectual Property Counsel
Licensing Manager
Technology Transfer Officer
Business Development Director
Chief Technology Officer
Commercial Director
Compliance Officer
Contract Manager
International Business Development Manager
IP Rights Manager
Legal Counsel
Operations Director
Partnership Manager
Regulatory Affairs Director
Technical Director
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