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Mutual License Agreement
"I need a Mutual License Agreement under Singapore law for a software company licensing AI technology to a healthcare provider, while receiving a license to use the healthcare provider's medical datasets, with specific provisions for data privacy and quality control standards."
1. Parties: Identification and details of all parties entering into the agreement
2. Background/Recitals: Context and purpose of the agreement, including brief description of each party's business
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted by each party, including scope and territory
5. Term and Termination: Duration of agreement and circumstances for termination
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Confidentiality: Protection of confidential information exchanged
8. Warranties and Representations: Assurances given by each party
9. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Quality Control: Standards and requirements for licensed products/services when quality maintenance is required
2. Royalties: Payment terms and calculation methods for monetary compensation
3. Sub-licensing Rights: Terms for granting rights to third parties when sub-licensing is permitted
4. Territory Restrictions: Geographical limitations of the license for territory-specific agreements
5. Insurance: Required insurance coverage for situations with significant liability risks
1. Licensed IP Schedule: Detailed list of intellectual property covered by the agreement
2. Technical Specifications: Technical details of licensed technology or products
3. Quality Standards: Detailed quality requirements and testing procedures
4. Fee Schedule: Detailed breakdown of fees, royalties, and payment terms
5. Approved Sub-licensees: List of approved sub-licensees if applicable
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Organizational security
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