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License Arrangement
"I need a License Arrangement for my Singapore-based software company to license our AI analytics platform to a multinational bank, with territorial restrictions for APAC region only and specific data protection clauses starting from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license arrangement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of the license and termination conditions
6. Payment Terms: License fees, royalties, and payment conditions
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and quality requirements for licensed products or services that need quality maintenance
2. Territory: Geographical scope of the license when territory-specific restrictions apply
3. Sub-licensing Rights: Rights to grant sub-licenses when such permissions are relevant to the arrangement
4. Confidentiality: Protection of confidential information when sensitive information is involved in the license
1. Schedule 1 - Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2 - Royalty Calculations: Detailed breakdown of royalty calculations and payment terms
3. Schedule 3 - Quality Standards: Specific quality requirements and standards
4. Schedule 4 - Territory Definition: Detailed description of licensed territories
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