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Technology License Agreement

Technology License Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Technology License Agreement

"I need a Technology License Agreement for licensing our AI-powered healthcare diagnostic software to three major hospitals in Riyadh, with implementation scheduled for March 2025, including provisions for technical support and regular updates."

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Document background
The Technology License Agreement serves as a crucial legal framework for technology transfer and commercialization in Saudi Arabia, aligned with the kingdom's Vision 2030 objectives for technological advancement. This document is essential when a technology owner wishes to grant another party the right to use, implement, or commercialize their proprietary technology while maintaining ownership rights. The agreement must comply with Saudi Arabian laws, including the Law of Patents, Layout Designs of Integrated Circuits, Plant Varieties, and Industrial Designs, as well as Sharia principles. It typically includes detailed technical specifications, implementation requirements, payment terms, and support obligations. The document is particularly relevant for cross-border technology transfers, requiring careful consideration of Saudi foreign investment regulations and intellectual property protection frameworks.
Suggested Sections

1. Parties: Identification of licensor and licensee with full legal names and addresses

2. Background: Context of the agreement, ownership of the technology, and purpose of the license

3. Definitions: Detailed definitions of technical terms, licensed technology, and other key concepts

4. Grant of License: Scope of license, territorial restrictions, and usage rights

5. License Fees and Payment Terms: Financial terms, royalty calculations, payment schedules, and currency

6. Protection of Intellectual Property Rights: IP ownership, registration requirements, and protection measures

7. Technical Support and Documentation: Support services, documentation delivery, and training obligations

8. Confidentiality: Protection of confidential information and trade secrets

9. Term and Termination: Duration, renewal terms, and termination circumstances

10. Warranties and Representations: Technology ownership, performance warranties, and compliance with Saudi law

11. Liability and Indemnification: Limitation of liability and indemnification obligations

12. Compliance with Laws: Compliance with Saudi regulations and Sharia principles

13. Dispute Resolution: Governing law, jurisdiction, and dispute resolution mechanisms

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Quality Control: Required when licensed technology must meet specific quality standards or certifications

2. Improvements and Modifications: Include when parties may develop improvements to the licensed technology

3. Export Control: Necessary when technology transfer involves cross-border restrictions

4. Source Code Escrow: Include for software licenses where source code protection is required

5. Performance Metrics: Required when license includes specific performance requirements

6. Marketing and Branding: Include when licensee has rights to use licensor's branding

7. Data Protection: Required when licensed technology involves personal data processing

8. Government Approvals: Include when specific Saudi government approvals are required

Suggested Schedules

1. Schedule 1 - Licensed Technology: Detailed description of licensed technology, including specifications and documentation

2. Schedule 2 - Technical Requirements: Technical specifications, performance requirements, and compatibility standards

3. Schedule 3 - Fee Schedule: Detailed breakdown of license fees, royalties, and payment terms

4. Schedule 4 - Support Services: Description of technical support, maintenance, and training services

5. Schedule 5 - Service Level Agreement: Performance metrics, response times, and service standards

6. Appendix A - Compliance Requirements: List of applicable Saudi regulations and compliance requirements

7. Appendix B - Approved Sub-licensees: List of approved sub-licensees if sub-licensing is permitted

8. Appendix C - Technical Documentation: List of required technical documentation and delivery schedule

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
Acceptance Criteria
Affiliate
Authorized Users
Background IP
Business Day
Confidential Information
Documentation
Effective Date
Enhancement
Field of Use
Force Majeure
Foreground IP
Improvement
Intellectual Property Rights
Know-How
Licensed Technology
Licensed Products
License Fees
Maintenance Services
Net Sales
Patent Rights
Permitted Purpose
Proprietary Information
Royalty
Saudi Business Hours
Source Code
Specifications
Sub-licensee
Support Services
Technical Information
Technology Updates
Territory
Third Party Components
Trade Secrets
Training Services
Updates
Usage Data
User Manual
Valid Claim
Warranty Period
Working Hours
Clauses
Definitions
License Grant
Intellectual Property Rights
Payment Terms
Technical Support
Technology Transfer
Confidentiality
Performance Obligations
Quality Control
Warranties and Representations
Training and Documentation
Term and Termination
Liability and Indemnification
Force Majeure
Assignment and Sub-licensing
Regulatory Compliance
Export Control
Data Protection
Dispute Resolution
Governing Law
Amendments
Notices
Entire Agreement
Severability
Non-Competition
Audit Rights
Insurance
Source Code Escrow
Implementation Schedule
Service Levels
Territory Restrictions
Improvements and Modifications
Marketing and Branding
Government Approvals
Sharia Compliance
Relevant Industries

Information Technology

Software Development

Telecommunications

Manufacturing

Healthcare Technology

Financial Technology

Industrial Automation

Biotechnology

Energy Technology

Defense Technology

Educational Technology

Smart City Solutions

Artificial Intelligence

Cybersecurity

Clean Technology

Relevant Teams

Legal

Intellectual Property

Technology Transfer

Research and Development

Commercial

Compliance

Technical Support

Finance

Business Development

Information Technology

Innovation

Contracts Administration

Product Development

Risk Management

Relevant Roles

Chief Technology Officer

Legal Counsel

Intellectual Property Manager

Technology Transfer Manager

Commercial Director

Licensing Manager

Compliance Officer

Technical Director

Chief Innovation Officer

Contract Manager

Business Development Manager

Research and Development Director

Chief Legal Officer

Technical Support Manager

Chief Financial Officer

Industries
Law of Patents, Layout Designs of Integrated Circuits, Plant Varieties, and Industrial Designs: Primary legislation governing patent protection and industrial designs in Saudi Arabia, crucial for technology licensing
Copyright Law (Royal Decree No. M/41): Governs protection of software, databases, and other technical documentation that may be part of the technology license
Commercial Courts Law: Regulates commercial disputes and enforcement of contracts, including technology licensing agreements
Competition Law (Royal Decree No. M/75): Ensures technology licensing agreements do not create monopolistic practices or unfair competition
Foreign Investment Law: Relevant if the license agreement involves foreign entities transferring technology to Saudi entities
Saudi Commercial Agencies Law: May apply if the technology license includes distribution or agency rights
Electronic Transactions Law: Relevant for digital aspects of technology and electronic execution of agreements
Anti-Commercial Fraud Law: Ensures protection against counterfeit products and unauthorized use of licensed technology
GCC Unified Commercial Law: Regional framework affecting commercial transactions in Saudi Arabia
Sharia Law Principles: Fundamental principles of Islamic law that must be considered in all contracts in Saudi Arabia
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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