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Licensing Agreement
"Need a Licensing Agreement governed by Singapore law for our new software technology, granting exclusive rights to a manufacturing company in Southeast Asia for an initial term of 5 years starting January 2025, with quarterly royalty payments based on net sales."
1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses
2. Background: Recitals explaining the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Grant of License: Core section detailing the specific rights being licensed and their scope
5. Term and Termination: Duration of the agreement and circumstances for termination
6. Payment Terms: Details of licensing fees, royalties, and payment schedules
7. IP Rights and Ownership: Clarification of ownership and intellectual property rights
8. Confidentiality: Provisions regarding confidential information
9. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Quality Control: Standards and quality requirements for licensed products - use when licensing involves manufacturing or product creation
2. Territory Restrictions: Geographic limitations on license use - include when license is geographically restricted
3. Sub-licensing Rights: Terms for sub-licensing if permitted - include when sub-licensing is to be allowed
4. Marketing and Promotion: Terms regarding marketing of licensed products/services - include when license involves commercial exploitation
5. Data Protection: Compliance with PDPA and data handling requirements - include when personal data is involved
1. Licensed IP Schedule: Detailed description of intellectual property being licensed
2. Royalty Calculations: Detailed methodology for calculating royalties
3. Technical Specifications: Technical details of licensed technology or products
4. Quality Standards: Detailed quality requirements and specifications
5. Approved Territory Schedule: List of approved territories for license use
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