Royalty Agreement For Intellectual Property Template for Philippines

1. Minimum Royalty Guarantees: Used when the licensor requires minimum guaranteed royalty payments regardless of actual sales

2. Sublicensing Rights: Include when the licensee is permitted to sublicense the IP to third parties

3. Technology Transfer Provisions: Required when the agreement involves technical knowledge transfer or training

4. Development Obligations: Include when the licensee has obligations to develop or improve the IP

5. Marketing and Promotion: Used when specific marketing obligations or restrictions apply

6. Competition Compliance: Include when there are specific competition law considerations

7. Foreign Exchange Provisions: Required for international agreements with currency conversion implications

8. Tax Gross-Up Provisions: Include when addressing international tax implications and withholding taxes

1. Schedule A - Intellectual Property Description: Detailed description of the IP including registration numbers and jurisdictions

2. Schedule B - Royalty Calculation Methods: Detailed formulas and examples of royalty calculations

3. Schedule C - Reporting Templates: Standard forms for financial reporting and royalty calculations

4. Schedule D - Quality Control Standards: Specific quality requirements and testing procedures

5. Schedule E - Territory Definition: Detailed description of geographical territories covered

6. Appendix 1 - Technical Specifications: Technical details of the IP, particularly relevant for patents or know-how

7. Appendix 2 - Approved Use Guidelines: Guidelines for proper use of the IP, particularly relevant for trademarks

8. Appendix 3 - Contact Details: Key contact persons and notice details for both parties