The Intercompany License Agreement is a crucial document for multinational organizations operating through multiple legal entities in Ireland and internationally. It is typically used when one group company holds intellectual property rights and needs to formally license these to other group companies for their operations. This agreement ensures compliance with Irish corporate law, tax regulations, and transfer pricing requirements while protecting the group's intellectual property assets. The document is particularly important in the context of Irish tax structures, where many multinational companies maintain their IP holding companies. It covers essential elements such as license scope, payment terms, quality control, and compliance requirements, while addressing specific Irish legal considerations including Companies Act 2014 compliance and relevant tax provisions.
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1. Parties: Identification of the group companies entering into the agreement, including registration details and addresses
2. Background: Context of the agreement, relationship between the parties, and brief description of the licensed material
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Grant of License: Scope and nature of the license being granted, including territory and exclusivity terms
5. License Fees and Payment Terms: Financial terms, payment schedules, and transfer pricing considerations
6. Licensed Material: Detailed description of the intellectual property being licensed
7. Use Restrictions and Requirements: Limitations and conditions on the use of licensed material
8. Quality Control: Standards and requirements for use of the licensed material
9. Protection of IP Rights: Obligations regarding protection and enforcement of IP rights
10. Confidentiality: Protection of confidential information exchanged under the agreement
11. Term and Termination: Duration of the agreement and termination provisions
12. Post-Termination Obligations: Obligations surviving termination of the agreement
13. General Provisions: Standard legal provisions including notices, amendment process, and governing law
1. Data Protection: Required if the licensed material involves processing of personal data
2. Tax Provisions: Detailed tax terms needed for complex cross-border arrangements
3. Improvements and Modifications: Include when the licensee may develop improvements to the licensed material
4. Sub-licensing Rights: Required if sub-licensing is permitted
5. Export Control: Necessary for technology licenses with international implications
6. Support Services: Include if technical support or maintenance is part of the arrangement
7. Group Company Rights: Required if benefits extend to other group companies
8. Change of Control: Include for managing group restructuring scenarios
1. Schedule 1 - Licensed Material: Detailed technical description and specifications of the licensed intellectual property
2. Schedule 2 - License Fees: Detailed breakdown of fees, payment terms, and calculation methodologies
3. Schedule 3 - Technical Requirements: Technical specifications and standards for using the licensed material
4. Schedule 4 - Quality Control Procedures: Detailed quality control requirements and processes
5. Schedule 5 - Group Companies: List of group companies covered by or benefiting from the agreement
6. Appendix A - Form of Reports: Templates for required reporting under the agreement
7. Appendix B - Support Services: Details of any technical support or maintenance services
8. Appendix C - Transfer Pricing Documentation: Supporting documentation for transfer pricing compliance
Relevant legal definitions
Affiliate
Agreement
Background IP
Business Day
Commencement Date
Confidential Information
Control
Effective Date
Group
Group Company
Improvements
Initial Term
Intellectual Property Rights
License
License Fees
Licensed Material
Licensed Products
Licensed Technology
Licensee
Licensor
Net Sales
Parent Company
Party/Parties
Patents
Permitted Purpose
Quality Standards
Quarter
Renewal Term
Royalty Period
Subsidiary
Support Services
Tax
Technical Information
Term
Territory
Third Party
Trade Marks
Transfer Pricing Requirements
Use
Working Day
Agreement
Background IP
Business Day
Commencement Date
Confidential Information
Control
Effective Date
Group
Group Company
Improvements
Initial Term
Intellectual Property Rights
License
License Fees
Licensed Material
Licensed Products
Licensed Technology
Licensee
Licensor
Net Sales
Parent Company
Party/Parties
Patents
Permitted Purpose
Quality Standards
Quarter
Renewal Term
Royalty Period
Subsidiary
Support Services
Tax
Technical Information
Term
Territory
Third Party
Trade Marks
Transfer Pricing Requirements
Use
Working Day
Clauses
Grant of License
Intellectual Property Rights
Payment Terms
Royalties
Quality Control
Confidentiality
Data Protection
Transfer Pricing
Tax Compliance
Group Company Provisions
Term and Termination
Warranties
Indemnification
Assignment
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendment
Severability
Sub-licensing
Audit Rights
Reporting Requirements
Non-Competition
Territory Restrictions
Export Control
Technical Support
Improvements
Third Party Rights
Change of Control
Regulatory Compliance
Record Keeping
Insurance
Intellectual Property Rights
Payment Terms
Royalties
Quality Control
Confidentiality
Data Protection
Transfer Pricing
Tax Compliance
Group Company Provisions
Term and Termination
Warranties
Indemnification
Assignment
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendment
Severability
Sub-licensing
Audit Rights
Reporting Requirements
Non-Competition
Territory Restrictions
Export Control
Technical Support
Improvements
Third Party Rights
Change of Control
Regulatory Compliance
Record Keeping
Insurance
Relevant Industries
Technology
Pharmaceuticals
Manufacturing
Financial Services
Consumer Goods
Media and Entertainment
Telecommunications
Software and IT
Biotechnology
Professional Services
Automotive
Energy
Relevant Teams
Legal
Finance
Tax
Intellectual Property
Compliance
Research and Development
Technology
Corporate Affairs
Treasury
Commercial Operations
Risk Management
Relevant Roles
Legal Counsel
Head of Legal
Intellectual Property Manager
Chief Legal Officer
Commercial Director
Tax Director
Chief Financial Officer
Licensing Manager
Corporate Secretary
Head of Compliance
IP Rights Manager
Group General Counsel
Transfer Pricing Manager
Chief Technology Officer
Head of Research and Development
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