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Amendment To License Agreement

Amendment To License Agreement Template for India

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Key Requirements PROMPT example:

Amendment To License Agreement

"I need an Amendment to License Agreement to extend our software licensing period with TechCorp India for an additional 5 years from March 1, 2025, and update the annual license fees to reflect a 10% increase."

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Document background
An Amendment To License Agreement is a crucial document used when parties need to modify their existing licensing arrangement without creating an entirely new agreement. This document type is commonly used in India when circumstances require changes to license terms, such as updating royalty rates, extending the license period, modifying the scope of licensed rights, or adapting to new regulatory requirements. It must comply with Indian contract law and relevant intellectual property legislation, making it essential for businesses operating in the Indian market. The amendment typically references the original agreement and clearly outlines which provisions are being modified, added, or deleted, while explicitly stating that all other terms remain unchanged. This approach provides legal certainty while being more efficient than drafting a new agreement.
Suggested Sections

1. Parties: Identification of the licensor and licensee, matching the parties in the original license agreement

2. Background: Reference to the original license agreement including its date and parties, and brief context for the amendment

3. Definitions: Key terms used in the amendment, incorporating definitions from original agreement and any new terms

4. Effective Date: Specifies when the amendments will take effect

5. Amendments: Detailed description of specific changes to the original agreement, clearly referencing relevant sections being modified

6. Confirmation: Statement confirming that all other terms of the original agreement remain unchanged

7. Integration: Clause stating that this amendment forms part of the original agreement

8. Counterparts: Provision for execution in multiple counterparts

9. Governing Law: Confirmation that the amendment is governed by the same law as the original agreement

10. Execution: Signature blocks for all parties

Optional Sections

1. Recitals: Additional background information when complex circumstances led to the amendment

2. Representations and Warranties: Include if new representations are needed specific to the amendment

3. Regulatory Compliance: Include if amendments are being made to comply with new regulations or requirements

4. Third Party Consents: Include if amendment requires approval from additional parties

5. Fee Adjustments: Include if amendment involves changes to financial terms

6. Transition Provisions: Include if amendment requires implementation period or transition arrangements

Suggested Schedules

1. Schedule of Amendments: Detailed listing of all specific changes to the original agreement, particularly useful for complex amendments

2. Revised Payment Schedule: If amendment includes changes to financial terms

3. Updated Technical Specifications: If amendment modifies technical requirements or specifications

4. Amended License Terms: If scope of license is being modified

5. Comparison Version: Redline showing changes between original and amended versions

6. Required Consents: Copies of third-party approvals or regulatory consents if required

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Original Agreement
Effective Date
Amendment Date
Amended Terms
Original License
Modified License
Licensed Rights
Licensed Territory
Licensed Products
Licensed Technology
Intellectual Property Rights
Licensor
Licensee
Parties
Amendment
Revised Fee Schedule
Updated Terms
Modified Provisions
Surviving Provisions
Governing Law
Force Majeure
Confidential Information
Amended License Period
Regulatory Approvals
Business Day
Amended Payment Terms
License Fees
Royalty Rates
Territory
Term
Intellectual Property
Background IP
Improvements
Modified Scope
Authorized Users
Relevant Industries

Technology

Software

Manufacturing

Pharmaceuticals

Media and Entertainment

Telecommunications

Biotechnology

Research and Development

Consumer Goods

Automotive

Energy

Healthcare

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Compliance

Finance

Operations

Research and Development

Product Management

Procurement

Technical Operations

Relevant Roles

Legal Counsel

Licensing Manager

Intellectual Property Director

Commercial Director

Chief Technology Officer

Business Development Manager

Contracts Administrator

Compliance Officer

General Counsel

IP Portfolio Manager

Operations Director

Chief Financial Officer

Research Director

Product Manager

Industries
Indian Contract Act, 1872: Fundamental law governing contract formation, validity, performance, and enforcement in India. Essential for ensuring the amendment meets basic contract requirements like offer, acceptance, consideration, and capacity.
The Patents Act, 1970: Governs patent licensing in India. Relevant if the license agreement involves any patented technologies or innovations.
The Copyright Act, 1957: Regulates copyright licensing and transfer of copyright works. Important if the license involves creative works, software, or other copyrightable material.
The Trade Marks Act, 1999: Controls trademark licensing and usage. Applicable if the license agreement involves use of trademarks or brand names.
The Registration Act, 1908: Determines which documents need to be registered. Some license agreements may require registration depending on their nature and duration.
The Specific Relief Act, 1963: Provides remedies for breach of contract, including specific performance. Important for enforcement provisions in the amendment.
Information Technology Act, 2000: Governs electronic contracts and digital signatures. Relevant if the license involves software, IT services, or if the amendment will be executed electronically.
The Competition Act, 2002: Ensures license agreements don't contain anti-competitive provisions. Important for reviewing restrictions and limitations in the license.
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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