Notice Of Termination Of License Agreement for Malaysia

Notice Of Termination Of License Agreement Template for Malaysia

This document serves as a formal notice to terminate a license agreement under Malaysian law, adhering to the requirements set forth in the Malaysian Contracts Act 1950 and other relevant legislation. It provides a legally compliant mechanism for ending licensing arrangements, whether for intellectual property, technology, or other licensed assets. The document includes essential elements such as party identification, reference to the original agreement, grounds for termination, effective date, and post-termination obligations, ensuring proper closure of the licensing relationship while protecting the rights and interests of all parties involved.

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What is a Notice Of Termination Of License Agreement?

The Notice of Termination of License Agreement is a crucial document used when one party wishes to formally end a licensing arrangement in Malaysia. This document is typically employed when either the licensor or licensee decides to terminate the agreement due to various reasons such as breach of terms, expiration of the agreement, or strategic business decisions. The notice must comply with Malaysian legal requirements, particularly the Contracts Act 1950 and relevant intellectual property laws. It should clearly state the basis for termination, reference the original agreement, specify the effective date, and outline any post-termination obligations. This document is essential for maintaining clear business records and ensuring legal compliance while protecting both parties' interests during the termination process.

What sections should be included in a Notice Of Termination Of License Agreement?

1. Letter Head and Date: Company letterhead, current date, and reference number if applicable

2. Recipient Details: Full name and address of the licensee, including any relevant registration numbers

3. Subject Line: Clear indication that this is a Notice of Termination of License Agreement with reference number of original agreement

4. Opening Statement: Reference to the specific License Agreement including its execution date and parties involved

5. Termination Statement: Clear and unambiguous statement of termination, citing relevant clause from original agreement

6. Effective Date: Specific date when the termination becomes effective

7. Reason for Termination: Brief statement of the grounds for termination if required by original agreement

8. Post-Termination Obligations: Summary of key obligations that survive termination or must be fulfilled

9. Closing Statement: Professional closing with any required action items or deadlines

10. Signature Block: Authorized signatory details and signature

What sections are optional to include in a Notice Of Termination Of License Agreement?

1. Outstanding Payments: Include when there are pending financial obligations to be settled

2. Return of Materials: When physical or digital materials must be returned or destroyed

3. Confidentiality Reminder: When emphasizing ongoing confidentiality obligations is necessary

4. Dispute Resolution Reference: When there are existing disputes or likelihood of disputes

5. Transition Arrangements: When a transition period or handover process is required

What schedules should be included in a Notice Of Termination Of License Agreement?

1. Schedule of Licensed Assets: List of specific licensed items that must be returned or ceased to be used

2. Schedule of Outstanding Obligations: Detailed list of any pending obligations or payments

3. Proof of Breach: If termination is due to breach, documentation evidencing the breach

4. Termination Timeline: Detailed timeline for various termination activities and deadlines

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

Jurisdiction

Malaysia

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Technology and Software

Manufacturing

Pharmaceuticals

Media and Entertainment

Telecommunications

Retail and Consumer Goods

Automotive

Biotechnology

Research and Development

Education and Training

Professional Services

Relevant Teams

Legal

Intellectual Property

Compliance

Business Development

Operations

Commercial

Research and Development

Corporate Affairs

Contracts Administration

Risk Management

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Manager

Contract Administrator

Business Development Manager

Chief Legal Officer

Chief Technology Officer

Commercial Director

Compliance Officer

Operations Manager

Partnership Manager

Product Manager

Research Director

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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