The Intercompany License Agreement is essential for multinational companies operating in Singapore that need to formalize intellectual property arrangements between group entities. This document is particularly relevant when parent companies need to license their IP to subsidiaries or when group companies share proprietary technology, trademarks, or other intellectual property. It ensures compliance with Singapore's transfer pricing regulations, tax laws, and IP protection framework while maintaining proper documentation of intercompany relationships and transactions.
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1. Parties: Identification of licensor and licensee entities, including registration details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fees: Payment terms and calculation methodology
6. Term and Termination: Duration and termination provisions
7. Intellectual Property Rights: Ownership and protection of IP
8. Confidentiality: Protection of confidential information
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Quality Control: Standards and quality requirements for licensed products or services
2. Territory Restrictions: Geographical limitations and restrictions of the license
3. Sublicensing Rights: Provisions regarding the right to grant sublicenses to third parties
4. Technical Support: Terms regarding technical assistance and support
5. Audit Rights: Rights to audit licensee's use of licensed IP and calculation of fees
1. Schedule 1 - Licensed IP: Detailed list and description of intellectual property covered by the license
2. Schedule 2 - License Fees: Detailed fee structure, calculation methods and payment terms
3. Schedule 3 - Technical Specifications: Technical details and specifications of licensed technology or products
4. Schedule 4 - Quality Standards: Detailed quality requirements and specifications
5. Schedule 5 - Territory: Detailed description of licensed territories and any territorial restrictions
Relevant legal definitions
Agreement
Affiliate
Business Day
Commencement Date
Confidential Information
Effective Date
Group
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
License Fee
Licensed Territory
Licensed Trademarks
Net Sales
Parent Company
Patents
Quarter
Royalties
Subsidiary
Term
Trade Secrets
Technical Information
Trademarks
Working Day
Year
Affiliate
Business Day
Commencement Date
Confidential Information
Effective Date
Group
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
License Fee
Licensed Territory
Licensed Trademarks
Net Sales
Parent Company
Patents
Quarter
Royalties
Subsidiary
Term
Trade Secrets
Technical Information
Trademarks
Working Day
Year
Clauses
Grant of License
Scope of License
Territory
License Fees and Payment
Intellectual Property Rights
Quality Control
Confidentiality
Term and Termination
Warranties and Representations
Indemnification
Transfer Pricing Compliance
Tax Compliance
Record Keeping
Audit Rights
Sub-licensing
Improvements
Non-Competition
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Further Assurance
Relationship of Parties
Counterparts
Compliance with Laws
Data Protection
Scope of License
Territory
License Fees and Payment
Intellectual Property Rights
Quality Control
Confidentiality
Term and Termination
Warranties and Representations
Indemnification
Transfer Pricing Compliance
Tax Compliance
Record Keeping
Audit Rights
Sub-licensing
Improvements
Non-Competition
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Further Assurance
Relationship of Parties
Counterparts
Compliance with Laws
Data Protection
Relevant Industries
Relevant Teams
Relevant Roles
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