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Intercompany License Agreement
"Need an Intercompany License Agreement for our Singapore parent company to license its proprietary software and related patents to our newly established Malaysian subsidiary, with the agreement to take effect from March 1, 2025."
1. Parties: Identification of licensor and licensee entities, including registration details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fees: Payment terms and calculation methodology
6. Term and Termination: Duration and termination provisions
7. Intellectual Property Rights: Ownership and protection of IP
8. Confidentiality: Protection of confidential information
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Quality Control: Standards and quality requirements for licensed products or services
2. Territory Restrictions: Geographical limitations and restrictions of the license
3. Sublicensing Rights: Provisions regarding the right to grant sublicenses to third parties
4. Technical Support: Terms regarding technical assistance and support
5. Audit Rights: Rights to audit licensee's use of licensed IP and calculation of fees
1. Schedule 1 - Licensed IP: Detailed list and description of intellectual property covered by the license
2. Schedule 2 - License Fees: Detailed fee structure, calculation methods and payment terms
3. Schedule 3 - Technical Specifications: Technical details and specifications of licensed technology or products
4. Schedule 4 - Quality Standards: Detailed quality requirements and specifications
5. Schedule 5 - Territory: Detailed description of licensed territories and any territorial restrictions
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