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Perpetual Irrevocable License
"Need a Perpetual Irrevocable License agreement for licensing our proprietary software algorithm to a manufacturing company in Singapore, with specific quality control requirements and the ability for the licensee to modify the code for their internal use only."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license and ownership of intellectual property
3. Definitions: Key terms used throughout the agreement including Licensed IP, Territory, and Permitted Use
4. Grant of License: Scope and nature of the perpetual, irrevocable license, including rights granted and restrictions
5. License Terms: Specific rights, restrictions, and obligations of the licensee
6. Warranties and Representations: Representations about ownership, right to license, and non-infringement
7. Indemnification: Obligations to defend and hold harmless against claims
8. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Sublicensing Rights: Terms and conditions under which the licensee may sublicense the IP to third parties
2. Territory Restrictions: Geographic limitations and restrictions on the use of the license
3. Quality Control: Standards and requirements for using the licensed material
4. Reporting Requirements: Obligations to report on usage and compliance with license terms
5. Audit Rights: Rights of licensor to audit licensee's use of licensed material
1. Schedule 1 - Licensed IP: Detailed description and specification of the licensed intellectual property
2. Schedule 2 - Technical Specifications: Technical details, requirements, and standards for implementation
3. Schedule 3 - Usage Guidelines: Specific rules and guidelines for using the licensed material
4. Schedule 4 - Fee Schedule: Details of any one-time or ongoing fees associated with the license
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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Read our Privacy Policy.