Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Royalty Agreement Contract
"I need a Royalty Agreement Contract for licensing my software patent to a Philippine manufacturing company, with quarterly payments of 5% of net sales and audit rights every six months, to commence from March 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identifies and defines all parties to the agreement, including their legal status and principal places of business
2. Background: Explains the context of the agreement, including the ownership of the intellectual property and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Grant of Rights: Specifies the exact rights being granted, including scope, territory, and any restrictions
5. Royalty Payments: Details the royalty rates, calculation methods, payment schedule, and reporting requirements
6. Payment Terms: Specifies payment mechanics, currency, bank details, and handling of taxes
7. Audit Rights: Establishes the right to audit royalty calculations and related records
8. Intellectual Property Protection: Outlines obligations regarding IP protection, including registration and infringement actions
9. Warranties and Representations: States the parties' warranties, particularly regarding IP ownership and right to contract
10. Term and Termination: Specifies the duration of the agreement and circumstances for termination
11. Confidentiality: Establishes obligations regarding confidential information
12. Governing Law and Jurisdiction: Specifies Philippine law as governing law and defines jurisdiction for disputes
13. General Provisions: Includes standard boilerplate clauses such as force majeure, notices, and assignment
1. Quality Control: Required when the IP involves trademarks or brands requiring quality standards maintenance
2. Minimum Guarantees: Used when establishing minimum royalty payments or performance requirements
3. Sub-licensing Rights: Included when the licensee is permitted to sub-license the intellectual property
4. Development Obligations: Necessary when the agreement includes obligations to develop or improve the IP
5. Marketing and Promotion: Required when specific marketing obligations or restrictions apply
6. Export Controls: Included for international agreements involving regulated technologies or materials
7. Competition Compliance: Required when the agreement needs specific provisions to comply with competition laws
8. Source Code Escrow: Included in software-related royalty agreements for source code protection
1. Schedule A - Licensed Intellectual Property: Detailed description of all IP covered by the agreement, including registration numbers
2. Schedule B - Royalty Rates and Calculations: Detailed breakdown of royalty rates, including any variable rates or tiers
3. Schedule C - Reporting Template: Standard format for royalty reports and calculations
4. Schedule D - Territory Definition: Detailed description of geographical territories covered by the agreement
5. Schedule E - Quality Standards: Specific quality requirements and testing procedures if applicable
6. Appendix 1 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable
7. Appendix 2 - Technical Specifications: Technical details of the licensed IP, particularly for patents or software
8. Appendix 3 - Authorized Use Examples: Examples of permitted uses of the licensed IP, particularly for trademarks
Authors
Agreement
Authorized Use
Confidential Information
Effective Date
Gross Revenue
Initial Term
Intellectual Property
Licensed Products
Licensed Rights
Licensed Territory
Net Sales
Patents
Renewal Term
Reporting Period
Royalty Period
Royalty Rate
Sublicense
Technical Information
Term
Trademarks
Trade Secrets
Working Day
Year
Force Majeure Event
Quality Standards
Minimum Guarantee
Intellectual Property Rights
Background IP
Foreground IP
Improvements
Know-how
Documentation
Quarterly Report
Subsidiary
Material Breach
Licensed Technology
Royalty Statement
Accounting Period
Control
Competitive Product
Distribution Channels
Export Controls
Field of Use
Improvements
License Fee
Marketing Materials
Patent Rights
Prohibited Acts
Quality Control Procedures
Relevant Records
Technology
Territory
Grant of Rights
Territory
Exclusivity
Term and Duration
Royalty Payments
Payment Terms
Audit Rights
Record Keeping
Intellectual Property Rights
Quality Control
Confidentiality
Warranties and Representations
Indemnification
Insurance
Assignment
Sub-licensing
Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Amendment
Entire Agreement
Severability
Waiver
Competition Compliance
Tax Compliance
Export Control
Marketing and Promotion
Performance Obligations
Reporting Requirements
Technical Support
Training
Regulatory Compliance
Data Protection
Anti-corruption
Relationship of Parties
Third Party Rights
Technology and Software
Entertainment and Media
Manufacturing
Pharmaceuticals
Consumer Goods
Fashion and Luxury
Publishing
Biotechnology
Telecommunications
Research and Development
Gaming and Interactive Entertainment
Industrial Design
Food and Beverage
Retail
Legal
Finance
Intellectual Property
Business Development
Research and Development
Tax
Compliance
Commercial
Product Development
Brand Management
Innovation
Technology
Operations
Legal Counsel
Intellectual Property Manager
Chief Financial Officer
Business Development Director
Licensing Manager
Contract Administrator
Tax Manager
Compliance Officer
Research and Development Director
Innovation Manager
Commercial Director
Chief Technology Officer
Product Manager
Brand Manager
Finance Director
Find the exact document you need
License And Royalty Agreement
A Philippine law-governed agreement establishing intellectual property licensing terms and royalty payment obligations between licensor and licensee.
Royalty Contract
A Philippine law-governed agreement establishing terms for royalty payments in exchange for intellectual property rights usage, incorporating local regulatory requirements.
Royalty Agreement Contract
A Philippine law-governed agreement establishing terms for licensing intellectual property rights in exchange for royalty payments, including payment terms and compliance requirements.
Royalty Purchase Agreement
A Philippine law-governed agreement for the purchase and sale of royalty rights, establishing terms for transfer and ongoing management of royalty payments.
Royalty Share Agreement
A Philippine law-governed agreement establishing terms for sharing royalties from intellectual property exploitation, including payment terms and compliance requirements.
Royalty Assignment Agreement
A Philippine law-governed agreement for transferring royalty rights from an Assignor to an Assignee, ensuring compliance with local IP and tax regulations.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.