Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Royalty Bearing License
"I need a Royalty Bearing License agreement under Belgian law for licensing our patented pharmaceutical manufacturing process to a European manufacturer, with quarterly royalty payments of 5% of net sales and an initial term starting March 2025."
1. Parties: Identification of the licensor and licensee with full legal names and registered addresses
2. Background: Context of the agreement, ownership of the intellectual property, and purpose of the license
3. Definitions: Defined terms used throughout the agreement, including Licensed Rights, Territory, and Royalties
4. Grant of License: Scope of the license, including territory, exclusivity/non-exclusivity, and field of use
5. Royalties and Payment Terms: Royalty rates, calculation methods, payment frequency, currency, and payment mechanisms
6. Reporting and Audit Rights: Requirements for sales reporting, record-keeping, and licensor's audit rights
7. Quality Control: Quality standards, approval procedures, and inspection rights
8. Intellectual Property Protection: IP ownership, protection obligations, and infringement procedures
9. Representations and Warranties: Standard warranties regarding IP ownership, right to license, and product quality
10. Term and Termination: Duration of the agreement, renewal terms, and termination rights
11. Confidentiality: Protection of confidential information exchanged under the agreement
12. General Provisions: Standard clauses including governing law, notices, assignment, and entire agreement
1. Minimum Royalty Guarantees: Used when the licensor requires minimum guaranteed royalty payments regardless of sales performance
2. Sublicensing Rights: Include when the licensee is permitted to grant sublicenses to third parties
3. Development Obligations: Required when the license includes obligations to develop or improve the licensed technology
4. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
5. Regulatory Compliance: Required for regulated industries or products requiring specific compliance measures
6. Source Code Escrow: Include for software licenses where source code access may be required under certain conditions
7. Data Protection: Required when personal data processing is involved in the licensed activities
1. Schedule 1 - Licensed Rights: Detailed description of the intellectual property being licensed
2. Schedule 2 - Royalty Rates and Calculations: Detailed breakdown of royalty rates, including any volume-based variations
3. Schedule 3 - Technical Specifications: Technical requirements and specifications for licensed products or technology
4. Schedule 4 - Quality Control Standards: Detailed quality control requirements and testing procedures
5. Schedule 5 - Reporting Templates: Standard forms for sales reporting and royalty calculations
6. Schedule 6 - Approved Third-Party Manufacturers: List of approved manufacturers or suppliers if applicable
7. Appendix A - Form of Royalty Report: Template for periodic royalty reporting
8. Appendix B - Trade Mark Usage Guidelines: Guidelines for proper use of licensed trademarks
Authors
Affiliate
Approved Products
Commencement Date
Confidential Information
Effective Date
Force Majeure
Gross Sales
Improvement
Initial Term
Intellectual Property Rights
Licensed Products
Licensed Rights
Licensed Technology
Licensed Territory
Net Sales
Patent Rights
Permitted Use
Quarter
Renewal Term
Reporting Period
Royalties
Royalty Period
Royalty Rate
Royalty Report
Specifications
Technical Information
Term
Third Party
Trade Marks
Working Day
Year
Quality Standards
Minimum Performance Requirements
Records
Relevant Patents
Subsidiary
Background IP
Foreground IP
Improvements
Know-How
Manufacturing Process
Product Standards
Regulatory Approvals
Sales Channel
Technical Documentation
Territory
Trade Secrets
User Documentation
VAT
Audit Period
Compliance Requirements
Distribution Channel
EU Competition Laws
Licensed Field
Market Price
Minimum Royalty
Payment Currency
Quality Control Procedures
Restricted Territory
Royalty Payments
Payment Terms
Intellectual Property Rights
Quality Control
Audit Rights
Confidentiality
Term and Termination
Warranties and Representations
Indemnification
Force Majeure
Assignment
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Territory Restrictions
Reporting Requirements
Record Keeping
Regulatory Compliance
Sub-licensing
Non-Competition
Marketing and Promotion
Technical Support
Training
Improvements
Product Development
Manufacturing Standards
Distribution Rights
Export Control
Data Protection
Tax
Insurance
Change Control
Amendment
Waiver
Third Party Rights
Competition Law Compliance
Best Efforts
Minimum Performance
Exclusivity
Technology Transfer
Implementation
Material Breach
Survival
Further Assurance
Technology
Software
Pharmaceuticals
Biotechnology
Media and Entertainment
Manufacturing
Consumer Goods
Research and Development
Healthcare
Telecommunications
Gaming
Publishing
Fashion and Apparel
Industrial Technology
Clean Technology
Legal
Intellectual Property
Business Development
Finance
Research and Development
Commercial
Compliance
Technology Transfer
Innovation
Product Development
Executive Leadership
Tax
Regulatory Affairs
Legal Counsel
IP Manager
Licensing Director
Business Development Manager
Chief Technology Officer
Research Director
Commercial Director
Finance Director
Compliance Officer
Contract Manager
Chief Executive Officer
Innovation Manager
Product Manager
Technology Transfer Officer
General Counsel
Find the exact document you need
Perpetual Royalty License
A Belgian law-governed agreement granting perpetual IP rights in exchange for ongoing royalty payments.
Non Exclusive Royalty License
A Belgian law-governed non-exclusive license agreement establishing terms for IP licensing with royalty payments.
Royalty Bearing License
A Belgian law agreement granting intellectual property rights in exchange for royalty payments, establishing usage terms and payment obligations.
Royalty Contract
A Belgian law-governed agreement establishing terms for royalty payments in exchange for intellectual property or asset usage rights.
Royalty Agreement Contract
A Belgian law-governed agreement establishing terms for intellectual property licensing and royalty payments, including calculation methods, reporting requirements, and compliance with EU regulations.
Software Royalty Agreement
Belgian law-governed agreement establishing software licensing terms and royalty payment structures between software owners and licensees.
Music Royalty Contract
A Belgian law-governed agreement establishing terms for music royalty payments, rights management, and revenue distribution between rights holders and licensees.
Royalty Purchase Agreement
A Belgian law-governed agreement for the sale and purchase of royalty rights, transferring future royalty payments from a rights holder to a purchaser.
Royalty License Agreement
Belgian law-governed agreement for licensing intellectual property rights in exchange for royalty payments.
Download our whitepaper on the future of AI in Legal
Genie’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; Genie’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
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.