License Purchase Agreement for Singapore

License Purchase Agreement Template for Singapore

A License Purchase Agreement under Singapore law is a legally binding contract that establishes the terms and conditions under which one party (licensor) grants another party (licensee) the right to use specific intellectual property, software, or technology. This agreement is governed by Singapore's robust legal framework, including the Copyright Act 2021, Patents Act, and relevant commercial laws. It typically covers license scope, payment terms, usage rights, warranties, and compliance with Singapore's data protection and technology regulations.

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What is a License Purchase Agreement?

The License Purchase Agreement is essential when businesses need to formally acquire rights to use intellectual property, software, or technology solutions. This document, governed by Singapore law, provides comprehensive coverage of licensing terms, including usage rights, restrictions, payment structures, and compliance requirements. It's particularly relevant in Singapore's technology-focused economy and addresses local regulatory requirements including data protection and intellectual property laws. The agreement protects both licensor and licensee interests while ensuring clear documentation of the licensed rights and associated obligations.

What sections should be included in a License Purchase Agreement?

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and brief description of the licensed product/software

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Specific rights being granted, scope, and any restrictions

5. Payment Terms: License fees, payment schedule, and related financial terms

6. Term and Termination: Duration of agreement and circumstances for termination

7. Intellectual Property Rights: Ownership and protection of IP rights

8. Warranties and Representations: Standard warranties from both parties

9. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a License Purchase Agreement?

1. Maintenance and Support: Terms for ongoing technical support services - include when ongoing technical support is part of the license

2. Data Protection: PDPA compliance provisions - include when personal data processing is involved

3. Export Controls: Export compliance provisions - include for international licensing arrangements

4. Source Code Escrow: Terms for source code protection - include for critical software licenses

5. Service Level Agreement: Performance standards and metrics - include for software as a service licenses

What schedules should be included in a License Purchase Agreement?

1. Schedule 1 - Licensed Products: Detailed description of licensed products/software

2. Schedule 2 - License Fees: Detailed breakdown of fees and payment structure

3. Schedule 3 - Technical Specifications: Technical details and requirements

4. Schedule 4 - Support Services: Details of maintenance and support services if applicable

5. Schedule 5 - Authorized Users: List of authorized users or user categories if applicable

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

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

License Agreement

Sector

IP

Cost

Free to use
Clauses
Industries

Contract Law: Common Law principles governing formation and enforcement of contracts in Singapore

Copyright Act 2021: Singapore legislation governing copyright protection and licensing of copyrighted works

Patents Act: Legislation governing patent rights, registration, and licensing in Singapore

Trade Marks Act: Law governing trademark protection and licensing in Singapore

Computer Misuse Act: Legislation governing cybersecurity and computer crimes, relevant for software licensing

Personal Data Protection Act 2012: Regulations governing collection, use, and disclosure of personal data in Singapore

Electronic Transactions Act: Law governing electronic communications and transactions in Singapore

Competition Act: Legislation ensuring fair competition and addressing anti-competitive licensing restrictions

Consumer Protection (Fair Trading) Act: Law protecting consumer rights in commercial transactions including licensing

Unfair Contract Terms Act: Legislation regulating unfair terms in contracts to protect weaker parties

Goods and Services Tax Act: Tax legislation relevant for license fee calculations and payments

Income Tax Act: Tax regulations affecting licensing income and royalty payments

International IP Treaties: International agreements and conventions Singapore has signed regarding intellectual property protection

Industry-Specific Regulations: Sector-specific rules and compliance requirements affecting particular types of licenses

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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