The Non-Exclusive License Agreement is commonly used in Singapore when intellectual property owners wish to monetize their IP rights while maintaining control and the ability to grant similar rights to multiple parties. This document establishes the terms and conditions for using intellectual property, including scope of use, payment terms, quality standards, and termination conditions. It's particularly relevant in Singapore's technology-driven economy and is structured to comply with local intellectual property laws while providing commercial flexibility for both parties.
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1. Parties: Identifies the licensor and licensee with full legal details
2. Background: Explains context and purpose of the license agreement
3. Definitions: Defines key terms used throughout the agreement
4. Grant of License: Specifies the rights being licensed and their scope
5. Term and Termination: Duration of license and conditions for termination
6. Payment Terms: License fees, royalties, and payment conditions
7. Intellectual Property Rights: Ownership and protection of licensed IP
1. Territory Restrictions: Geographic limitations on license use - include when license is restricted to specific regions
2. Quality Control: Standards and requirements for licensed product/service - include when brand reputation needs protection
3. Sublicensing Rights: Terms for allowing/restricting sublicensing - include when sublicensing might be permitted
4. Minimum Performance Requirements: Required minimum sales or usage targets - include when licensor wants to ensure commercial exploitation
1. Schedule 1: Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2: License Fees: Detailed breakdown of fees and payment structure
3. Schedule 3: Technical Specifications: Technical details of licensed technology/product
4. Schedule 4: Quality Standards: Detailed quality requirements and specifications
Relevant legal definitions
Agreement
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvements
Initial Term
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
License Fee
Net Sales
Patents
Renewal Term
Royalties
Territory
Term
Trade Marks
Technical Information
Quarter
Reporting Period
Subsidiary
Quality Standards
Working Day
Commencement Date
Confidential Information
Effective Date
Field of Use
Improvements
Initial Term
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
License Fee
Net Sales
Patents
Renewal Term
Royalties
Territory
Term
Trade Marks
Technical Information
Quarter
Reporting Period
Subsidiary
Quality Standards
Working Day
Clauses
Grant of License
Scope of License
Territory
Term and Duration
Fees and Royalties
Payment Terms
Intellectual Property Rights
Quality Control
Technical Support
Confidentiality
Warranties and Representations
Indemnification
Limitation of Liability
Record Keeping
Audit Rights
Assignment
Sub-licensing
Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendments
Severability
Non-Competition
Compliance with Laws
Reporting Requirements
Marketing and Promotion
Improvements
Scope of License
Territory
Term and Duration
Fees and Royalties
Payment Terms
Intellectual Property Rights
Quality Control
Technical Support
Confidentiality
Warranties and Representations
Indemnification
Limitation of Liability
Record Keeping
Audit Rights
Assignment
Sub-licensing
Termination
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendments
Severability
Non-Competition
Compliance with Laws
Reporting Requirements
Marketing and Promotion
Improvements
Relevant Industries
Relevant Teams
Relevant Roles
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