The Loan License Agreement is a specialized legal instrument used in the Philippines when a party requires both financing and licensed access to specific assets or intellectual property. This hybrid agreement is particularly valuable in scenarios where traditional lending needs to be combined with licensing arrangements, such as equipment financing, software deployment, or technology implementation projects. The document must comply with Philippine regulations, including the Lending Company Regulation Act, Truth in Lending Act, and Intellectual Property Code. It establishes comprehensive terms covering loan amounts, interest rates, repayment schedules, license scope, usage rights, and restrictions, while providing adequate security and protection for all parties involved. This type of agreement is commonly used in commercial transactions where the lender also owns or controls rights to essential assets or intellectual property that the borrower needs to access or use.
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1. Parties: Identifies and defines the parties to the agreement - typically the Lender/Licensor and Borrower/Licensee
2. Background: Sets out the context of the agreement, including the purpose of the loan and license arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Loan Terms: Details of the loan amount, interest rate, and repayment terms in compliance with Philippine lending laws
5. Grant of License: Specifies the scope and nature of the license being granted
6. Payment Terms: Details the payment structure for both loan repayment and license fees
7. Use Restrictions: Specifies limitations and restrictions on the use of the licensed property
8. Duration and Termination: Specifies the term of the agreement and circumstances for termination
9. Representations and Warranties: Standard warranties from both parties regarding their authority and capacity
10. Default and Remedies: Consequences of default on loan payments or breach of license terms
11. Confidentiality: Obligations regarding confidential information
12. Governing Law and Jurisdiction: Specifies Philippine law as governing law and jurisdiction for disputes
1. Security: Include when collateral or security is required for the loan
2. Insurance: Include when insurance is required for the licensed property or loan security
3. Intellectual Property Rights: Include detailed IP provisions when the licensed property involves significant IP elements
4. Assignment and Sublicensing: Include when transfer or sublicensing rights need to be specifically addressed
5. Force Majeure: Include when protection against unforeseen events is needed
6. Maintenance and Support: Include when the licensed property requires ongoing maintenance or support
7. Data Protection: Include when personal data processing is involved
8. Export Control: Include when the licensed property may be subject to export restrictions
1. Schedule 1 - Licensed Property: Detailed description of the property being licensed
2. Schedule 2 - Loan Repayment Schedule: Detailed payment schedule including principal and interest payments
3. Schedule 3 - License Fee Schedule: Schedule of license fees if separate from loan payments
4. Schedule 4 - Technical Specifications: Technical details and specifications of the licensed property
5. Schedule 5 - Service Level Agreement: Details of any maintenance or support services if applicable
6. Appendix A - Security Documentation: Forms and documents related to any security or collateral
7. Appendix B - Insurance Requirements: Detailed insurance requirements and specifications
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Technology
Manufacturing
Healthcare
Education
Retail
Real Estate
Agriculture
Telecommunications
Software Development
Industrial Equipment
Professional Services
Relevant Teams
Legal
Finance
Compliance
Treasury
Commercial
Risk Management
Operations
Business Development
Intellectual Property
Credit Analysis
Relevant Roles
Chief Financial Officer
Legal Counsel
Finance Director
Compliance Officer
Commercial Director
Licensing Manager
Credit Risk Manager
Contract Administrator
Treasury Manager
Business Development Manager
Intellectual Property Manager
Operations Director
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