A Copyright Exclusive License is essential when a copyright owner wishes to grant another party sole rights to exploit their intellectual property. This agreement, governed by Singapore law, specifically outlines the exclusive rights granted, territorial scope, duration, and commercial terms. The document is crucial for protecting both parties' interests and ensuring compliance with Singapore's Copyright Act 2021. It includes detailed provisions for quality control, payment terms, and termination rights, making it particularly valuable for commercial licensing arrangements where exclusivity is a key consideration.
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1. Parties: Identification of licensor and licensee
2. Background: Context of the license and ownershIP of copyrighted work
3. Definitions: Key terms used tHRoughout the agreement including defined works, territory, and field of use
4. Grant of Rights: Scope of exclusive license, territorial coverage, and specific rights being licensed
5. Term and Termination: Duration of license and termination provisions including grounds for termination
6. Consideration: Payment terms, royalties, and other financial considerations
7. Warranties and Representations: Assurances regarding ownershIP and right to license the copyrighted works
8. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Quality Control: Standards for use of copyrighted work and quality maintenance requirements
2. Sub-licensing Rights: Provisions regarding the right to grant sub-licenses to third parties
3. Moral Rights: Treatment of moral rights and attribution requirements
4. Assignment: Rights and restrictions regarding assignment of the license
1. Schedule 1: Licensed Works: Detailed descrIPtion and specification of copyrighted works covered under the license
2. Schedule 2: Territory: Detailed specification of territorial coverage and jurisdictions where license applies
3. Schedule 3: Royalty Calculations: Detailed payment terms, calculation methods, and reporting requirements
4. Schedule 4: Quality Standards: Detailed quality control requirements and specifications if applicable
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