Co Exclusive License Template for Austria

The Co-Exclusive License Agreement is designed for situations where a rights holder wishes to grant exclusive rights to multiple parties while maintaining certain restrictions and coordination between licensees. This document, governed by Austrian law, is particularly useful in scenarios involving territorial divisions, different fields of use, or shared market access. It includes comprehensive provisions for managing the relationship between co-licensees, protecting intellectual property rights, ensuring quality control, and maintaining compliance with Austrian and EU competition laws. The agreement is commonly used in technology transfers, pharmaceutical licensing, and other industries where shared exclusive rights can maximize market potential while maintaining control over intellectual property.

1. Parties: Identification and details of the licensor and all co-exclusive licensees

2. Background: Context of the agreement, including description of the licensed property and business rationale

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Grant of License: Specific terms of the co-exclusive license, including scope, territory, and field of use

5. Co-Exclusivity Terms: Detailed provisions regarding the nature of co-exclusivity, including rights and limitations of each licensee

6. License Fee and Payment Terms: Financial terms, including license fees, royalties, payment schedules, and reporting requirements

7. Intellectual Property Rights: Ownership and protection of IP rights, including maintenance and enforcement responsibilities

8. Quality Control: Standards and requirements for use of the licensed property

9. Representations and Warranties: Legal assurances from all parties regarding their rights and capabilities

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Post-Termination Obligations: Rights and obligations of parties after agreement termination

12. Confidentiality: Protection of confidential information exchanged during the agreement

13. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes

14. General Provisions: Standard legal provisions including notices, assignment, and entire agreement