Licensing Agreement Terms Template for Denmark

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Key Requirements PROMPT example:

Licensing Agreement Terms

I need a Licensing Agreement Terms document under Danish law for licensing our proprietary software technology to multiple European distributors, including provisions for source code escrow and quarterly royalty payments starting from March 2025.

What is a Licensing Agreement Terms?

The Licensing Agreement Terms document serves as a crucial legal framework for intellectual property transactions under Danish jurisdiction. It is specifically designed for situations where one party wishes to grant another the right to use their intellectual property while maintaining ownership. This document type is essential in various commercial contexts, from technology transfers to brand licensing, and must comply with Danish legal requirements including the Danish Contracts Act and relevant EU regulations. The agreement typically includes detailed provisions on license scope, territorial restrictions, quality control, payment terms, and parties' obligations. The Licensing Agreement Terms are particularly important in Denmark's knowledge-based economy, where intellectual property transactions form a significant part of business operations, and must be structured to address both Danish commercial practices and EU-wide considerations.

What sections should be included in a Licensing Agreement Terms?

1. Parties: Identification and details of the licensor and licensee, including registered addresses and company registration numbers

2. Background: Context of the agreement, including brief description of the intellectual property and purpose of the licensing arrangement

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

4. Grant of License: Scope and nature of the license (exclusive/non-exclusive), permitted uses, and territorial restrictions

5. Term and Termination: Duration of the agreement, renewal terms, and circumstances for termination

6. Payment Terms: License fees, royalties, payment schedule, and calculation methods

7. Intellectual Property Rights: Ownership declarations, protection of IP rights, and handling of improvements

8. Obligations of the Licensor: Licensor's responsibilities including maintenance of IP rights and technical support

9. Obligations of the Licensee: Licensee's responsibilities including usage restrictions and quality control

10. Warranties and Representations: Warranties regarding IP ownership, right to license, and non-infringement

11. Liability and Indemnification: Limitation of liability and indemnification obligations of both parties

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

13. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes

14. General Provisions: Standard clauses including assignment, severability, and entire agreement

What sections are optional to include in a Licensing Agreement Terms?

1. Quality Control: Required for trademark licenses or when licensed products must meet specific standards

2. Sub-licensing Rights: Include when licensee is permitted to sub-license the intellectual property

3. Source Code Escrow: For software licenses where source code access may be required under specific conditions

4. Export Control: Required when licensed technology may be subject to export restrictions

5. Data Protection: Include when the licensed technology involves processing personal data

6. Competition Law Compliance: Specific provisions ensuring compliance with EU competition law

7. Training and Support: When technical training or ongoing support is part of the license arrangement

8. Audit Rights: Include when licensor requires right to audit licensee's use or royalty calculations

9. Insurance Requirements: When specific insurance coverage is required for licensed activities

10. Marketing and Promotion: Include when agreement covers marketing rights or imposes marketing obligations

What schedules should be included in a Licensing Agreement Terms?

1. Schedule 1 - Licensed Intellectual Property: Detailed description of the licensed IP, including registration numbers and specifications

2. Schedule 2 - Royalty Calculations: Detailed formula and examples for calculating royalties

3. Schedule 3 - Technical Specifications: Technical details, performance requirements, and quality standards

4. Schedule 4 - Support Services: Description of support services, response times, and service levels

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

6. Schedule 6 - Territory: Detailed description of geographic territories where license is valid

7. Appendix A - Form of Royalty Report: Template for periodic royalty reporting

8. Appendix B - Quality Control Procedures: Detailed quality control requirements and procedures

9. Appendix C - Brand Guidelines: Guidelines for using licensed trademarks or branding elements

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

Relevant legal definitions
Clauses
Relevant Industries

Technology and Software

Pharmaceutical and Biotechnology

Manufacturing

Media and Entertainment

Telecommunications

Consumer Goods

Research and Development

Healthcare

Automotive

Energy and Utilities

Relevant Teams

Legal

Intellectual Property

Commercial

Research and Development

Business Development

Compliance

Executive Leadership

Product Development

Finance

Technology Transfer

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Commercial Director

Chief Technology Officer

Business Development Manager

Contract Manager

Chief Legal Officer

Innovation Manager

Research and Development Director

Product Manager

Compliance Officer

Chief Executive Officer

Technology Transfer Officer

IP Commercialization Manager

Industries
Danish Contracts Act (Aftaleloven): Fundamental law governing contract formation, validity, and general contractual principles in Denmark, essential for the basic structure and enforceability of the licensing agreement
Danish Copyright Act (Ophavsretsloven): Regulates copyright protection and licensing of creative works, including software and intellectual creations
Danish Patents Act (Patentloven): Governs patent rights and licensing of patented inventions in Denmark
Danish Trademarks Act (Varemærkeloven): Regulates trademark protection and licensing of trademark rights
EU Competition Law (Articles 101 and 102 TFEU): European regulations affecting licensing agreements to prevent anti-competitive practices and abuse of dominant market positions
EU Technology Transfer Block Exemption Regulation: Provides safe harbor for certain intellectual property licensing agreements under EU competition law
Danish Marketing Practices Act (Markedsføringsloven): Regulates marketing practices and unfair competition, relevant for licensing arrangements involving branding and marketing rights
GDPR (General Data Protection Regulation): EU regulation governing personal data processing, relevant if the licensed technology involves processing of personal data
Danish Sale of Goods Act (Købeloven): While primarily for goods, certain principles may apply to licensing agreements, particularly regarding quality and fitness for purpose
Danish Interest Act (Renteloven): Governs interest on late payments, relevant for royalty payment terms in licensing agreements
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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