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The License Arrangement template is designed for use in the Saudi Arabian market where businesses need to establish formal licensing relationships for intellectual property, technology, or other proprietary assets. This document type is crucial when one party wishes to grant another the right to use, manufacture, distribute, or otherwise exploit specific assets while maintaining ownership rights. The agreement must comply with Saudi Arabia's Commercial Court Law, intellectual property regulations, and Sharia principles, making it suitable for both domestic and international licensing transactions. It includes comprehensive provisions for protecting the licensor's rights while ensuring the licensee has clear operational guidelines. The License Arrangement is particularly relevant in cases involving technology transfer, franchise operations, software licensing, or manufacturing rights, and includes specific provisions for regulatory compliance, quality control, and dispute resolution within the Saudi legal framework.

1. Parties: Identification of the licensor and licensee, including full legal names, registration details, and addresses

2. Background: Context of the agreement, ownership of the licensed property, and general purpose of the arrangement

3. Definitions: Key terms used throughout the agreement, including specific technical, commercial, and legal terminology

4. Grant of License: Specific rights being granted, including scope, territory, and whether exclusive or non-exclusive

5. License Fees and Payment Terms: Financial terms including licensing fees, royalties, payment schedule, and calculation methods

6. Licensed Property: Detailed description of the intellectual property or assets being licensed

7. Term and Termination: Duration of the license, renewal provisions, and circumstances for termination

8. Obligations of the Licensor: Licensor's duties, including maintenance of IP rights, technical support, and updates

9. Obligations of the Licensee: Licensee's duties, including usage restrictions, quality control, and reporting requirements

10. Intellectual Property Protection: Provisions for protecting the licensed IP, including infringement procedures

11. Confidentiality: Protection of confidential information exchanged during the license relationship

12. Warranties and Representations: Statements of fact and promises by both parties regarding the licensed property and their authority

13. Governing Law and Dispute Resolution: Specification of Saudi law as governing law and dispute resolution mechanisms