A Co-Exclusive License agreement is utilized when an intellectual property owner wishes to grant exclusive rights to multiple licensees, typically within different territories or fields of use. This sophisticated arrangement, governed by Irish law, provides a middle ground between exclusive and non-exclusive licensing, offering licensees protected market positions while allowing the licensor to maximize commercial opportunities. The document includes essential provisions for managing potential conflicts between co-licensees, establishing clear boundaries for exploitation rights, and ensuring compliance with Irish and EU competition laws. It's particularly valuable in situations where market segmentation is desired or where different licensees possess unique capabilities for different aspects of IP commercialization.
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1. Parties: Identification of the licensor and co-exclusive licensees
2. Background: Context of the agreement, description of the licensed IP, and purpose of the co-exclusive arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Scope of the co-exclusive license, territory, and field of use
5. Co-Exclusivity Terms: Specific terms governing the relationship between co-licensees and their respective rights
6. License Fees and Royalties: Payment terms, royalty calculations, and payment schedules
7. Reporting and Audit Rights: Requirements for financial reporting and licensor's audit rights
8. IP Protection and Enforcement: Rights and obligations regarding IP protection and enforcement actions
9. Quality Control: Quality standards and control measures for licensed products/services
10. Confidentiality: Protection of confidential information shared between parties
11. Term and Termination: Duration of the agreement and termination provisions
12. General Provisions: Standard legal provisions including governing law, notices, and assignment
1. Minimum Performance Requirements: Include when specific performance targets are required for maintaining the license
2. Sub-licensing Rights: Include when sub-licensing is permitted under specific conditions
3. Manufacturing and Distribution Rights: Include for products requiring specific manufacturing or distribution arrangements
4. Research and Development: Include when the license involves ongoing R&D collaboration
5. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
6. Export Controls: Include for international licensing arrangements subject to export regulations
7. Data Protection: Include when personal data processing is involved in the licensed activities
1. Schedule 1 - Licensed IP: Detailed description of the intellectual property being licensed
2. Schedule 2 - Territory and Field of Use: Detailed specification of geographic territories and permitted fields of use
3. Schedule 3 - Royalty Calculations: Detailed methodology for calculating royalties and examples
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Reporting Templates: Templates for required periodic reports
6. Schedule 6 - Approved Sub-contractors: List of approved sub-contractors if applicable
7. Appendix A - Technical Specifications: Technical details and specifications for licensed technology or products
Relevant legal definitions
Agreement
Affiliate
Background IP
Business Day
Co-Exclusive License
Co-Exclusive Rights
Co-Licensee
Commencement Date
Confidential Information
Effective Date
Field of Use
First Commercial Sale
Gross Sales
Improvements
Initial Term
Licensed IP
Licensed Products
Licensed Technology
Licensed Territory
Licensor
Net Sales
Patent Rights
Products
Qualifying Sale
Quality Standards
Quarter
Renewal Term
Royalty
Royalty Period
Technical Information
Term
Territory A
Territory B
Trade Marks
Working Day
Affiliate
Background IP
Business Day
Co-Exclusive License
Co-Exclusive Rights
Co-Licensee
Commencement Date
Confidential Information
Effective Date
Field of Use
First Commercial Sale
Gross Sales
Improvements
Initial Term
Licensed IP
Licensed Products
Licensed Technology
Licensed Territory
Licensor
Net Sales
Patent Rights
Products
Qualifying Sale
Quality Standards
Quarter
Renewal Term
Royalty
Royalty Period
Technical Information
Term
Territory A
Territory B
Trade Marks
Working Day
Clauses
Grant of Rights
Co-Exclusivity
Territory Rights
License Fees
Royalties
Payment Terms
Quality Control
Performance Requirements
IP Protection
IP Enforcement
Confidentiality
Non-Competition
Warranties
Indemnification
Sub-licensing
Audit Rights
Record Keeping
Reporting
Term
Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Data Protection
Export Control
Competition Law Compliance
Co-Exclusivity
Territory Rights
License Fees
Royalties
Payment Terms
Quality Control
Performance Requirements
IP Protection
IP Enforcement
Confidentiality
Non-Competition
Warranties
Indemnification
Sub-licensing
Audit Rights
Record Keeping
Reporting
Term
Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Data Protection
Export Control
Competition Law Compliance
Relevant Industries
Technology and Software
Pharmaceuticals and Biotechnology
Manufacturing
Consumer Goods
Media and Entertainment
Telecommunications
Research and Development
Healthcare
Automotive
Clean Technology
Relevant Teams
Legal
Intellectual Property
Business Development
Commercial
Research and Development
Innovation
Licensing
Corporate Development
Technology Transfer
Compliance
Relevant Roles
Legal Counsel
Intellectual Property Manager
Licensing Director
Business Development Manager
Commercial Director
Chief Technology Officer
Research and Development Director
Innovation Manager
Contract Manager
Chief Legal Officer
Technology Transfer Officer
IP Commercialization Manager
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