¶¶Òõ¶ÌÊÓƵ

The License and Supply Agreement is essential for businesses seeking to establish a combined licensing and supply relationship in Pakistan. This document is particularly relevant when one party wishes to grant intellectual property rights while simultaneously establishing a framework for regular product supply. It's commonly used in manufacturing, technology, and distribution arrangements where ongoing supply is integral to the licensing relationship. The agreement must comply with Pakistani legislation, including contract law, intellectual property regulations, and competition laws. It typically includes detailed provisions on license scope, supply terms, quality requirements, pricing structures, and territorial restrictions. This type of agreement is particularly important in sectors where product consistency and brand protection are crucial, such as pharmaceuticals, technology, and consumer goods.

1. Parties: Identification and details of the licensor and licensee, including registered addresses and company details

2. Background: Context of the agreement, including brief description of the parties' businesses and purpose of the arrangement

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

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

5. Supply Terms: Terms and conditions relating to the supply of products, including ordering process, delivery terms, and acceptance procedures

6. Quality Requirements: Quality standards, specifications, and quality control procedures for supplied products

7. Pricing and Payment: Pricing structure, payment terms, currency, and invoicing procedures

8. Intellectual Property Rights: Protection and ownership of IP, including any improvements or modifications

9. Obligations of the Parties: Specific duties and responsibilities of both licensor and licensee

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Confidentiality: Protection of confidential information and trade secrets

12. Warranties and Indemnities: Warranties provided by each party and indemnification obligations

13. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

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