A Co-Exclusive License is utilized when a rights holder wishes to grant exclusive rights to more than one party while maintaining control over the licensed property. This agreement type is particularly relevant in Singapore's technology and innovation-focused economy, where multiple market players may need access to the same intellectual property rights. The document typically includes detailed provisions on territorial rights, usage limitations, quality control, and revenue sharing arrangements. It is structured to comply with Singapore's robust IP protection framework and competition laws.
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1. Parties: Identification and details of the licensor and co-exclusive licensees
2. Background: Context of the agreement, ownership of the licensed rights, and reference to relevant legislation
3. Definitions: Key terms used throughout the agreement including licensing scope
4. Grant of Rights: Scope of the co-exclusive license, territorial limitations, and usage rights
5. Term and Termination: Duration of the license and circumstances for termination
6. Payment Terms: License fees, royalties, and payment conditions
7. Obligations of the Parties: Rights and responsibilities of licensor and licensees
8. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction
1. Quality Control: Standards for licensed products/services and quality assurance measures
2. Improvements: Rights and obligations regarding technological improvements and modifications
3. Export Restrictions: Limitations on international distribution and territory-specific conditions
4. Competition Compliance: Provisions ensuring compliance with Singapore competition laws
5. Dispute Resolution: Alternative dispute resolution mechanisms before court proceedings
1. Schedule 1: Licensed Rights: Detailed description of intellectual property rights being licensed
2. Schedule 2: Territory: Geographical scope of the license and any territorial restrictions
3. Schedule 3: Royalty Calculations: Detailed payment terms, calculation methods, and reporting requirements
4. Schedule 4: Quality Standards: Technical specifications and quality requirements for licensed products/services
5. Schedule 5: Approved Sub-licensees: List of pre-approved sub-licensees if applicable
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