The Out Licensing Agreement is essential when a business wants to monetize its intellectual property by allowing others to use it while retaining ownership. This document, governed by Singapore law, is particularly relevant in today's knowledge-based economy where IP licensing is a crucial business strategy. It covers essential elements such as license scope, territory, payment terms, quality control, and termination provisions. Singapore's sophisticated legal system, with its strong IP protection regime and international recognition, makes it an ideal jurisdiction for such agreements, especially in Asia-Pacific transactions.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership of IP rights
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fees and Royalties: Payment terms, royalty calculations, and reporting requirements
6. Intellectual Property Rights: Protection and ownership of IP rights, including improvements
7. Confidentiality: Protection of confidential information exchanged during the agreement
8. Term and Termination: Duration of agreement and circumstances for termination
9. Warranties and Indemnities: Representations, warranties, and indemnification obligations
10. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Quality Control: Standards, monitoring requirements, and quality assurance provisions for licensed products/services
2. Sub-licensing Rights: Terms and conditions for granting sub-licenses to third parties
3. Improvements: Rights and obligations regarding technological improvements or modifications
4. Export Control: Compliance with export control regulations and restrictions
5. Technical Support: Terms for provision of technical assistance and support
1. Schedule 1: Licensed IP: Detailed description of intellectual property being licensed including patent numbers, trademarks, or copyrighted works
2. Schedule 2: Territory: Geographical scope of the license and any territorial restrictions
3. Schedule 3: Royalty Calculations: Detailed methodology for calculating royalties, including reporting templates
4. Schedule 4: Quality Standards: Specific quality requirements, specifications, and testing procedures
5. Schedule 5: Approved Sub-licensees: List of pre-approved sub-licensees and their territories (if applicable)
Relevant legal definitions
Agreement
Commencement Date
Confidential Information
Effective Date
Field of Use
Gross Sales
Improvements
Initial Term
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
Licensed Territory
Net Sales
Patents
Permitted Purpose
Royalties
Royalty Period
Royalty Rate
Subsidiary
Technical Information
Term
Trade Marks
Working Day
Year
Affiliate
Background IP
Quality Standards
Sub-licensee
Licensed Know-How
Material Breach
Force Majeure Event
Regulatory Approvals
Renewal Term
Third Party
Commencement Date
Confidential Information
Effective Date
Field of Use
Gross Sales
Improvements
Initial Term
Intellectual Property Rights
Licensed IP
Licensed Products
Licensed Technology
Licensed Territory
Net Sales
Patents
Permitted Purpose
Royalties
Royalty Period
Royalty Rate
Subsidiary
Technical Information
Term
Trade Marks
Working Day
Year
Affiliate
Background IP
Quality Standards
Sub-licensee
Licensed Know-How
Material Breach
Force Majeure Event
Regulatory Approvals
Renewal Term
Third Party
Clauses
Grant of License
Scope of License
Territory Restrictions
Term and Duration
Royalties and Payments
Quality Control
Intellectual Property Rights
Sub-licensing Rights
Technical Support
Improvements
Confidentiality
Warranties and Representations
Indemnification
Record Keeping
Audit Rights
Force Majeure
Termination
Post-Termination Obligations
Assignment
Non-Competition
Dispute Resolution
Governing Law
Regulatory Compliance
Notice Requirements
Best Efforts
Insurance
Export Control
Use of Trademarks
Performance Requirements
Reporting Obligations
Product Liability
Infringement Actions
Severability
Entire Agreement
Amendment and Waiver
Scope of License
Territory Restrictions
Term and Duration
Royalties and Payments
Quality Control
Intellectual Property Rights
Sub-licensing Rights
Technical Support
Improvements
Confidentiality
Warranties and Representations
Indemnification
Record Keeping
Audit Rights
Force Majeure
Termination
Post-Termination Obligations
Assignment
Non-Competition
Dispute Resolution
Governing Law
Regulatory Compliance
Notice Requirements
Best Efforts
Insurance
Export Control
Use of Trademarks
Performance Requirements
Reporting Obligations
Product Liability
Infringement Actions
Severability
Entire Agreement
Amendment and Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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