The Intercompany License Agreement is essential for corporate groups operating in Australia who need to formalize the sharing of intellectual property, technology, or other proprietary assets between related entities. This document is particularly crucial when establishing clear boundaries and terms for the use of corporate assets while ensuring compliance with Australian regulatory requirements, including the Corporations Act 2001, Competition and Consumer Act 2010, and relevant tax legislation. It serves multiple purposes: maintaining proper corporate governance, establishing clear audit trails for regulatory compliance, ensuring appropriate transfer pricing arrangements, and protecting intellectual property rights within the corporate group. The agreement is commonly used during group restructuring, establishment of new subsidiaries, or implementation of global licensing strategies.
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1. Parties: Identification and details of the licensor and licensee entities, including registered addresses and company details
2. Background: Context of the agreement, relationship between the parties, and purpose of the license arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Specific rights being granted, including scope, territory, and whether exclusive or non-exclusive
5. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
6. License Fees and Payment Terms: Financial terms including royalties, payment schedule, and calculation methods
7. Intellectual Property Rights: Ownership and protection of IP, including improvements and derivatives
8. Confidentiality: Protection of confidential information exchanged between parties
9. Warranties and Representations: Statements of fact and promises made by each party
10. Limitation of Liability: Extent and limitations of each party's liability
11. General Provisions: Standard clauses including governing law, notices, and amendment procedures
1. Quality Control: Required when the license involves manufacturing or product development
2. Technical Support: Include when ongoing technical assistance is part of the arrangement
3. Data Protection: Required when personal or sensitive data will be shared between parties
4. Export Control: Include for cross-border licensing arrangements
5. Source Code Escrow: Required for software licensing agreements
6. Transfer Pricing Compliance: Include when significant value is being transferred between related entities
7. Change of Control: Include when continuity of license rights in case of ownership changes is important
1. Licensed IP: Detailed description of intellectual property being licensed
2. Technical Specifications: Technical details and requirements of licensed technology or products
3. Royalty Calculations: Detailed methodology for calculating license fees and royalties
4. Service Levels: Performance metrics and standards if applicable
5. Approved Sub-licensees: List of approved third parties if sub-licensing is permitted
6. Related Agreements: List of associated agreements between the parties
7. Compliance Requirements: Specific regulatory or corporate compliance requirements
Relevant legal definitions
Agreement
Affiliate
Business Day
Commencement Date
Confidential Information
Effective Date
Force Majeure Event
Group
Improvements
Intellectual Property Rights
License
Licensed IP
Licensed Products
Licensed Technology
License Fee
License Period
License Territory
Licensor Materials
Net Sales
Parent Company
Related Body Corporate
Royalties
Subsidiary
Term
Third Party
Trade Marks
Transfer Pricing Rules
Use
Affiliate
Business Day
Commencement Date
Confidential Information
Effective Date
Force Majeure Event
Group
Improvements
Intellectual Property Rights
License
Licensed IP
Licensed Products
Licensed Technology
License Fee
License Period
License Territory
Licensor Materials
Net Sales
Parent Company
Related Body Corporate
Royalties
Subsidiary
Term
Third Party
Trade Marks
Transfer Pricing Rules
Use
Clauses
Recitals
Definitions
Grant of License
License Scope
Term and Duration
License Fees and Royalties
Payment Terms
Transfer Pricing Compliance
Intellectual Property Rights
Ownership of Improvements
Quality Control
Confidentiality
Warranties and Representations
Indemnification
Limitation of Liability
Record Keeping and Audit Rights
Tax Compliance
Sub-licensing Rights
Territory Restrictions
Regulatory Compliance
Force Majeure
Termination
Effect of Termination
Assignment
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment and Waiver
Definitions
Grant of License
License Scope
Term and Duration
License Fees and Royalties
Payment Terms
Transfer Pricing Compliance
Intellectual Property Rights
Ownership of Improvements
Quality Control
Confidentiality
Warranties and Representations
Indemnification
Limitation of Liability
Record Keeping and Audit Rights
Tax Compliance
Sub-licensing Rights
Territory Restrictions
Regulatory Compliance
Force Majeure
Termination
Effect of Termination
Assignment
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment and Waiver
Relevant Industries
Technology
Manufacturing
Pharmaceuticals
Consumer Goods
Financial Services
Energy
Telecommunications
Media and Entertainment
Automotive
Professional Services
Relevant Teams
Legal
Intellectual Property
Finance
Tax
Compliance
Corporate Governance
Business Development
Commercial
Risk Management
Company Secretariat
Relevant Roles
Legal Counsel
Intellectual Property Manager
Commercial Director
Chief Legal Officer
Corporate Governance Manager
Licensing Manager
Chief Financial Officer
Tax Director
Compliance Officer
Head of Business Development
Corporate Secretary
General Counsel
IP Rights Manager
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