The License Arrangement is essential when one party wishes to grant another party the right to use their intellectual property or proprietary assets while maintaining ownership. This document, governed by Singapore law, outlines critical elements such as license scope, duration, payment terms, and usage restrictions. It's particularly relevant in today's knowledge-based economy where intellectual property licensing forms a crucial part of business operations. The arrangement must comply with Singapore's comprehensive IP legislation framework and provides legal protection for both licensors and licensees.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license arrangement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of the license and termination conditions
6. Payment Terms: License fees, royalties, and payment conditions
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and quality requirements for licensed products or services that need quality maintenance
2. Territory: Geographical scope of the license when territory-specific restrictions apply
3. Sub-licensing Rights: Rights to grant sub-licenses when such permissions are relevant to the arrangement
4. Confidentiality: Protection of confidential information when sensitive information is involved in the license
1. Schedule 1 - Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2 - Royalty Calculations: Detailed breakdown of royalty calculations and payment terms
3. Schedule 3 - Quality Standards: Specific quality requirements and standards
4. Schedule 4 - Territory Definition: Detailed description of licensed territories
Relevant legal definitions
Agreement
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvement
Intellectual Property Rights
License
Licensed Products
Licensed Technology
Licensed Territory
Licensee
Licensor
Net Sales
Patents
Royalties
Term
Termination Date
Trade Marks
Technical Information
Quality Standards
Reporting Period
Subsidiary
Sub-license
Working Day
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvement
Intellectual Property Rights
License
Licensed Products
Licensed Technology
Licensed Territory
Licensee
Licensor
Net Sales
Patents
Royalties
Term
Termination Date
Trade Marks
Technical Information
Quality Standards
Reporting Period
Subsidiary
Sub-license
Working Day
Clauses
Grant of License
Scope of License
Term and Duration
Payment and Royalties
Quality Control
Intellectual Property Rights
Confidentiality
Warranties and Representations
Indemnification
Territory Restrictions
Sub-licensing Rights
Technical Support
Improvements
Record Keeping
Audit Rights
Force Majeure
Termination
Assignment
Non-Competition
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Third Party Rights
Compliance with Laws
Insurance
Scope of License
Term and Duration
Payment and Royalties
Quality Control
Intellectual Property Rights
Confidentiality
Warranties and Representations
Indemnification
Territory Restrictions
Sub-licensing Rights
Technical Support
Improvements
Record Keeping
Audit Rights
Force Majeure
Termination
Assignment
Non-Competition
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Third Party Rights
Compliance with Laws
Insurance
Relevant Industries
Relevant Teams
Relevant Roles
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