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Patent Cross License
"Need a Patent Cross License agreement under Singapore law for our semiconductor company to exchange patent rights with a major electronics manufacturer, including provisions for future improvements and sublicensing rights to subsidiaries, to be effective from March 2025."
1. Parties: Identification of the contracting parties, including registered addresses and company details
2. Background: Context of the agreement and brief description of parties' patent portfolios
3. Definitions: Key terms used throughout the agreement, including 'Licensed Patents', 'Field of Use', 'Territory'
4. Grant of License: Scope of cross-license, including rights granted and restrictions
5. Term and Termination: Duration of agreement and circumstances for termination
6. Consideration: Financial terms, including any royalties or payments
7. Representations and Warranties: Statements about patent ownership and validity
8. Governing Law: Singapore law provisions and jurisdiction
1. Improvements: Treatment of future improvements to licensed patents - use when parties anticipate ongoing development of the technology
2. Sublicensing Rights: Rights to grant sublicenses to third parties - use when parties may need to extend rights to affiliates or third parties
3. Export Controls: Compliance with export regulations - use when technology is subject to export restrictions
4. Most Favored Nation: Provisions ensuring best available terms - use when parties want to ensure competitive terms
1. Schedule A - Licensed Patents: List of patents covered by the agreement, including patent numbers and jurisdictions
2. Schedule B - Technical Field Definition: Detailed description of the technical field or fields covered by the license
3. Schedule C - Royalty Calculations: If applicable, detailed methodology for calculating royalties
4. Schedule D - Reporting Templates: Standard forms for any required periodic reporting
5. Appendix 1 - Patent Family Trees: Visual representation of patent families included in the license
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