Portfolio License Agreement for United Arab Emirates

Portfolio License Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the terms and conditions for licensing a portfolio of intellectual property assets, including patents, trademarks, copyrights, and/or trade secrets. This document details the scope of the license grant, financial terms, usage rights, quality control measures, and compliance requirements under UAE federal laws. It incorporates specific provisions required by UAE intellectual property legislation and commercial regulations, while addressing both local and international business practices in the context of the UAE's dynamic business environment.

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What is a Portfolio License Agreement?

The Portfolio License Agreement serves as a master agreement for organizations seeking to license multiple intellectual property assets under a single comprehensive framework. This document type is particularly relevant in the UAE's growing knowledge-based economy, where intellectual property transactions are becoming increasingly complex and multifaceted. It is designed to comply with UAE Federal Laws, including UAE Federal Law No. 7 of 2002 (Copyright Law) and Federal Law No. 37 of 1992 (Trademark Law), while accommodating international business practices. The agreement is typically used when a company wishes to license a broad portfolio of intellectual property assets to another entity, streamlining what would otherwise require multiple individual licensing agreements. It includes detailed provisions for royalty payments, quality control, territorial restrictions, and dispute resolution mechanisms that align with UAE legal requirements.

What sections should be included in a Portfolio License Agreement?

1. Parties: Identification of the licensor and licensee, including full legal names, registration details, and addresses

2. Background: Context of the agreement, relationship between parties, and overview of the licensed portfolio

3. Definitions: Detailed definitions of key terms used throughout the agreement, including technical and legal terminology

4. Grant of License: Scope of the license, including territory, exclusivity/non-exclusivity, and permitted uses

5. Licensed Portfolio: Description and categorization of all intellectual property assets included in the license

6. Term and Renewal: Duration of the agreement, renewal conditions, and termination dates

7. Financial Terms: License fees, royalties, payment schedules, and reporting requirements

8. Usage Rights and Restrictions: Specific permissions and limitations on the use of licensed materials

9. Quality Control: Standards and requirements for using the licensed portfolio, including approval processes

10. Protection of IP Rights: Obligations regarding IP protection, registration, and enforcement

11. Confidentiality: Protection of confidential information and trade secrets

12. Warranties and Representations: Statements of fact and promises made by both parties

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Termination: Grounds for termination, procedures, and consequences

15. Post-Termination Obligations: Duties and restrictions that survive agreement termination

16. Governing Law and Jurisdiction: Application of UAE law and dispute resolution procedures

What sections are optional to include in a Portfolio License Agreement?

1. Sub-licensing Rights: Include when licensee is permitted to grant sub-licenses to third parties

2. Technology Transfer: Required when the license includes technical knowledge or know-how transfer

3. Marketing and Promotion: Include when specific marketing requirements or restrictions apply

4. Source Code Escrow: Necessary for software-related portfolio licenses

5. Geographic Restrictions: Include when license rights vary by territory

6. Competition Compliance: Required for licenses that might impact market competition

7. Export Control: Include when licensed items are subject to export regulations

8. Islamic Finance Compliance: Required when financial terms need to comply with Sharia principles

What schedules should be included in a Portfolio License Agreement?

1. Schedule 1 - Licensed Portfolio Details: Comprehensive list and description of all licensed IP assets

2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, royalties, and payment terms

3. Schedule 3 - Technical Specifications: Technical requirements and standards for using licensed assets

4. Schedule 4 - Quality Control Procedures: Detailed processes for maintaining quality standards

5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

6. Schedule 6 - Territory Definitions: Detailed description of licensed territories and any restrictions

7. Schedule 7 - Reporting Templates: Standard forms for usage reports and royalty calculations

8. Appendix A - Brand Guidelines: Guidelines for using licensed brands and trademarks

9. Appendix B - Implementation Timeline: Schedule for implementing the license agreement

10. Appendix C - Contact Details: Key contacts for both parties for various aspects of the agreement

Authors

Alex Denne

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

Publisher

Genie AI

Document Type

License Agreement

Sector

IP

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Technology

Software Development

Media and Entertainment

Telecommunications

Manufacturing

Pharmaceuticals

Consumer Goods

Professional Services

Financial Services

Healthcare

Education

Retail

Automotive

Energy

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Compliance

Technology

Research and Development

Finance

Operations

Strategy

Corporate Development

Relevant Roles

Chief Legal Officer

Legal Director

Intellectual Property Counsel

Licensing Manager

Commercial Director

Chief Technology Officer

Business Development Director

Contract Manager

Compliance Officer

General Counsel

IP Portfolio Manager

Technology Transfer Manager

Corporate Counsel

Chief Executive Officer

Chief Commercial Officer

Industries
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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