A Trade Secret Licence Agreement is essential when businesses wish to commercialize their confidential information while maintaining control over its use and dissemination. Under English and Welsh law, this agreement provides a framework for protecting valuable business secrets while enabling commercial exploitation. It typically includes detailed provisions on permitted uses, security measures, confidentiality obligations, and commercial terms. The agreement is particularly relevant when companies need to share proprietary information with partners, suppliers, or customers while ensuring legal protection under the Trade Secrets (Enforcement, etc.) Regulations 2018.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership of trade secrets
3. Definitions: Key terms used throughout the agreement, including definition of trade secrets and confidential information
4. Grant of Licence: Scope and nature of the licence granted, including permitted uses and restrictions
5. Confidentiality Obligations: Core obligations regarding protection of trade secrets and security measures
6. Term and Termination: Duration of the agreement and circumstances for termination
7. Fees and Payment: Financial terms, payment conditions, and royalty arrangements
8. Warranties and Representations: Warranties regarding ownership and right to license the trade secrets
9. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement
1. Improvements: Rights and obligations regarding improvements to the trade secrets made by either party
2. Sub-licensing Rights: Provisions governing the right to sub-license trade secrets to third parties
3. Territory Restrictions: Geographical limitations on use of the licensed trade secrets
4. Quality Control: Standards and requirements for using trade secrets in products or services
5. Audit Rights: Rights to audit licensee's use and protection of trade secrets
1. Schedule 1 - Description of Trade Secrets: Detailed description and specification of the licensed trade secrets
2. Schedule 2 - Approved Uses: Specific permitted uses and applications of the trade secrets
3. Schedule 3 - Security Measures: Required security protocols and measures for protecting trade secrets
4. Schedule 4 - Fee Schedule: Detailed breakdown of licence fees, royalties, and payment terms
5. Schedule 5 - Authorised Personnel: List of individuals authorized to access and use the trade secrets
Relevant legal definitions
Agreement
Business Day
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvements
Intellectual Property Rights
Know-How
Licence
Licence Fee
Licensed Rights
Licensed Trade Secrets
Permitted Purpose
Personnel
Representatives
Royalties
Security Requirements
Subsidiary
Term
Territory
Trade Secrets
Unauthorised Access
Working Hours
Business Day
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvements
Intellectual Property Rights
Know-How
Licence
Licence Fee
Licensed Rights
Licensed Trade Secrets
Permitted Purpose
Personnel
Representatives
Royalties
Security Requirements
Subsidiary
Term
Territory
Trade Secrets
Unauthorised Access
Working Hours
Clauses
Interpretation
Grant of Licence
Confidentiality
Protection Measures
Permitted Use
Fees and Royalties
Payment Terms
Warranties
Indemnification
Term and Termination
Improvements
Quality Control
Record Keeping
Audit Rights
Non-Competition
Non-Solicitation
Assignment
Force Majeure
Dispute Resolution
Governing Law
Data Protection
Security Requirements
Intellectual Property
Notice Requirements
Entire Agreement
Severability
Third Party Rights
Variation
Waiver
Grant of Licence
Confidentiality
Protection Measures
Permitted Use
Fees and Royalties
Payment Terms
Warranties
Indemnification
Term and Termination
Improvements
Quality Control
Record Keeping
Audit Rights
Non-Competition
Non-Solicitation
Assignment
Force Majeure
Dispute Resolution
Governing Law
Data Protection
Security Requirements
Intellectual Property
Notice Requirements
Entire Agreement
Severability
Third Party Rights
Variation
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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