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Patent Sharing Agreement Generator for Singapore

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Key Requirements PROMPT example:

Patent Sharing Agreement

"Need a Patent Sharing Agreement for our biotech startup to share our gene-editing patent with a research institution in Singapore, including provisions for future improvements and commercialization rights, planned to commence in March 2025."

Document background
A Patent Sharing Agreement is essential when multiple parties wish to collaborate on or share patent rights in Singapore's jurisdiction. This agreement type is particularly relevant for cross-border technology transfer, research collaborations, or commercial licensing arrangements. It addresses key aspects such as patent usage rights, compensation structures, and territorial limitations while ensuring compliance with Singapore's IP laws and competition regulations. The document typically includes detailed provisions for patent exploitation, improvement rights, and dispute resolution mechanisms, making it crucial for technology transfer and innovation partnerships.
Suggested Sections

1. Parties: Identification and details of all parties involved in the agreement

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used tHRoughout the agreement

4. Grant of Rights: Specific patent rights being shared or licensed

5. Term and Termination: Duration of agreement and conditions for termination

6. Financial Terms: Royalty rates, payment terms, and other financial obligations

7. Confidentiality: Protection of confidential information exchanged

Optional Sections

1. Improvements: Terms governing the handling of future improvements to shared patents, used when ongoing development is expected

2. Sub-licensing Rights: Terms for allowing third-party licensing, included when sub-licensing might be desired

3. Territory Restrictions: Geographical limitations on patent use, included when rights are territory-specific

4. Quality Control: Standards for implementation of patented technology, included when quality maintenance is crucial

Suggested Schedules

1. Schedule of Patents: Detailed list of patents covered by the agreement

2. Royalty Calculations: Detailed methodology for calculating royalties

3. Technical Specifications: Technical details of patented technology

4. Reporting Templates: Standard forms for usage reporting and royalty calculations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Industries

Patents Act (Chapter 221): Primary legislation governing patent rights, ownership, licensing, exploitation, enforcement, and defining patent infringement and remedies in Singapore

Competition Act (Chapter 50B): Regulates anti-competitive effects of patent sharing, monitors potential market monopolies, and ensures fairness in licensing terms

Singapore Contract Law: Common law principles governing contract validity, consideration, obligations, and enforcement of terms and conditions

Copyright Act: Related intellectual property legislation that may impact patent sharing agreements, particularly for software patents or mixed IP rights

Trade Marks Act: Complementary IP legislation relevant when patent sharing involves branded technologies or processes

Registered Designs Act: Additional IP protection law that may be relevant when patents involve design elements

TRIPS Agreement: International agreement setting minimum standards for IP protection and enforcement that Singapore adheres to

Patent Cooperation Treaty (PCT): International patent law treaty providing unified procedure for patent filings, relevant for cross-border patent sharing

ASEAN IP Cooperation agreements: Regional agreements governing IP protection and enforcement within ASEAN member states

Singapore IP Strategy 2030: Government policy framework for IP commercialization and cross-border collaboration in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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