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Loan Licence Agreement
"I need a Loan Licence Agreement for software development tools, where my company will license the tools for 3 years starting January 2025, with monthly repayments and the ability to sublicense to our contractors."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the purpose
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific terms of the license including scope, territory, and duration
5. Payment Terms: Financial obligations, payment schedule, and interest rates
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Confidentiality: Protection of confidential information
8. Termination: Conditions for termination and consequences
9. Governing Law: Specification of Singapore law as governing law
1. Security: Details of any security provided for the loan - used when the loan requires collateral or security
2. Insurance: Requirements for insurance coverage - used when insurance is required to protect the licensed property
3. Sub-licensing: Terms for sub-licensing rights - used when sub-licensing is permitted
4. Quality Control: Standards and quality requirements - used when licensed property requires quality maintenance
5. Force Majeure: Provisions for unforeseen circumstances - used when protection against external events is needed
1. Schedule 1 - Licensed Property: Detailed description of the licensed property or rights
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3 - Technical Specifications: Technical details and requirements
4. Schedule 4 - Security Details: Details of any security arrangements
5. Appendix A - Usage Guidelines: Guidelines for proper use of licensed property
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