Royalty Non Exclusive License Template for Denmark

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Key Requirements PROMPT example:

Royalty Non Exclusive License

I need a Royalty Non-Exclusive License agreement under Danish law for licensing our proprietary software to multiple EU-based enterprises, with quarterly royalty payments of 8% of net sales and the agreement to commence from March 1, 2025.

What is a Royalty Non Exclusive License?

This Royalty Non-Exclusive License Agreement template is designed for use under Danish law when a rights holder wishes to grant permission to use their intellectual property while maintaining the ability to license it to others. The document is particularly useful in commercial situations where multiple licensees may need to use the same IP, such as technology licensing, brand merchandising, or content distribution. It includes comprehensive provisions for royalty calculations, payment terms, quality control, and reporting requirements, all structured to comply with Danish legal requirements and EU regulations. The non-exclusive nature of the license makes it especially suitable for businesses looking to maximize their IP value through multiple licensing arrangements while maintaining control over their intellectual property rights.

What sections should be included in a Royalty Non Exclusive License?

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

2. Background: Context of the agreement, description of the intellectual property being licensed, and the parties' intentions

3. Definitions: Detailed definitions of key terms used throughout the agreement, including Licensed Rights, Territory, and Royalty Revenue

4. Grant of License: Specific terms of the non-exclusive license, including scope, territory, and confirmation of non-exclusivity

5. Royalty Payments: Detailed structure of royalty calculations, payment terms, currency, and payment methods

6. Reporting and Auditing: Requirements for reporting sales/usage, record-keeping obligations, and audit rights

7. Licensed Property Usage: Guidelines and restrictions on how the licensed property may be used

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

9. Intellectual Property Protection: Provisions for protecting the licensed IP, including handling infringement and unauthorized use

10. Term and Termination: Duration of the agreement, renewal terms, and grounds for termination

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

12. Representations and Warranties: Statements and guarantees from both parties regarding their rights and obligations

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

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

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

16. General Provisions: Standard clauses including notices, amendments, assignment, and severability

What sections are optional to include in a Royalty Non Exclusive License?

1. Minimum Royalty Guarantee: Used when the licensor requires minimum guaranteed royalty payments regardless of actual sales/usage

2. Sub-licensing Rights: Include when the licensee is permitted to sub-license the rights to third parties

3. Marketing and Promotion: Include when specific marketing obligations or restrictions need to be imposed on the licensee

4. Development Obligations: Used when the license includes requirements for product development or improvement

5. Export Control: Include when the licensed property may be subject to export control regulations

6. Source Code Escrow: Include for software licenses where source code access might be needed under certain conditions

7. Data Protection: Include when personal data processing is involved in the license implementation

8. Competition Law Compliance: Detailed provisions when the license might have significant market impact

What schedules should be included in a Royalty Non Exclusive License?

1. Schedule 1: Licensed Property: Detailed description of the intellectual property being licensed, including registration numbers if applicable

2. Schedule 2: Royalty Calculations: Detailed formula and examples of how royalties will be calculated

3. Schedule 3: Technical Specifications: Technical details and requirements for using the licensed property

4. Schedule 4: Quality Control Standards: Specific quality standards and testing procedures

5. Schedule 5: Reporting Templates: Standard forms for periodic royalty reporting

6. Appendix A: Approved Use Examples: Examples of approved uses of the licensed property

7. Appendix B: Territory Definition: Detailed description of geographical areas covered by the license

8. Appendix C: Contact Details: List of key contacts and their roles for both parties

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

Media and Entertainment

Manufacturing

Pharmaceuticals and Biotechnology

Consumer Goods

Research and Development

Telecommunications

Fashion and Apparel

Gaming and Interactive Entertainment

Industrial Design

Publishing

Automotive

Relevant Teams

Legal

Intellectual Property

Business Development

Finance

Research and Development

Commercial

Compliance

Product Development

Operations

Technology Transfer

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Business Development Manager

Chief Technology Officer

Commercial Director

Finance Director

Compliance Officer

Contract Manager

Product Manager

Research and Development Director

Chief Executive Officer

Chief Financial Officer

IP Rights Administrator

Technology Transfer 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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