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Medical Device License Agreement
"I need a Medical Device License Agreement for licensing our new cardiac monitoring device to a Singapore-based distributor, with exclusive rights for Southeast Asia and including provisions for technical training and maintenance support, targeted for implementation in March 2025."
1. Parties: Identification of licensor and licensee, including full legal names and registered addresses
2. Background: Context of the agreement, including brief description of the medical device and purpose of licensing
3. Definitions: Key terms used throughout the agreement, including technical and regulatory terminology
4. Grant of License: Scope and nature of the license being granted, including territory and exclusivity terms
5. Regulatory Compliance: Obligations regarding HSA compliance, registrations, and maintaining regulatory approvals
6. Quality Control: Standards and procedures for maintaining product quality and safety
7. Financial Terms: Payment terms, royalties, and other financial obligations
8. Term and Termination: Duration of agreement and circumstances for termination
9. Intellectual Property: IP ownership, rights, and protection measures
1. Manufacturing Rights: Terms and conditions for manufacturing rights of the medical device, including quality control standards and compliance requirements
2. Distribution Rights: Specific terms for distribution channels and territories, including requirements for maintaining distribution networks
3. Training and Support: Terms for technical training and ongoing support, including maintenance and troubleshooting procedures
4. Clinical Trials: Requirements and procedures for clinical trials, including compliance with local regulatory requirements
1. Product Specifications: Detailed technical specifications of the medical device
2. Quality Standards: Specific quality control requirements and standards
3. Regulatory Approvals: List of required regulatory approvals and certificates
4. Territory Schedule: Detailed description of licensed territories
5. Payment Schedule: Detailed breakdown of financial terms and payment structures
6. Technical Documentation: Required technical and maintenance documentation
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