Technology License Agreement for Singapore

Technology License Agreement Template for Singapore

A Technology License Agreement under Singapore law is a legally binding contract that governs the terms under which one party (licensor) grants another party (licensee) the right to use specific technology, intellectual property, or technical know-how. This agreement is structured according to Singapore's intellectual property and contract laws, including the Patents Act, Copyright Act, and relevant technology regulations. It details the scope of license, payment terms, usage rights, and obligations of both parties while ensuring compliance with Singapore's regulatory framework.

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What is a Technology License Agreement?

The Technology License Agreement is essential when one party wishes to commercialize their technology while maintaining ownership rights. This document is commonly used in Singapore's technology sector and is drafted in accordance with local laws and regulations. The agreement covers crucial aspects such as license scope, territory restrictions, royalty structures, and IP protection. It's particularly relevant for Singapore's growing technology sector and must comply with the country's robust IP protection framework and technology transfer regulations.

What sections should be included in a Technology License Agreement?

1. Parties: Identification of licensor and licensee, including registration details and addresses

2. Background: Context of the agreement, including description of the technology and purpose of licensing

3. Definitions: Key terms used throughout the agreement including Technology, Licensed Rights, Territory, etc.

4. Grant of License: Scope of license, including territory, exclusivity, and field of use restrictions

5. Payment Terms: License fees, royalties, payment schedule, and reporting requirements

6. IP Rights and Protection: Ownership of IP, protection measures, and handling of improvements

7. Confidentiality: Protection of confidential information and trade secrets

8. Term and Termination: Duration, renewal options, and termination circumstances

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

1. Technical Support: Terms for technical assistance and support when ongoing technical support is part of the agreement

2. Source Code Escrow: Terms for source code protection and access when licensing software technology

3. Export Control: Export restrictions and compliance requirements when technology may be subject to export controls

4. Technology Transfer: Process and terms for transferring technology when physical transfer or training is required

What schedules should be included in a Technology License Agreement?

1. Schedule 1 - Technical Description: Detailed description of the licensed technology

2. Schedule 2 - Payment Schedule: Detailed breakdown of fees, royalties, and payment terms

3. Schedule 3 - Technical Support Services: Specification of support services and service levels

4. Schedule 4 - Licensed Patents/IP: List of specific IP rights covered by the license

5. Schedule 5 - Performance Requirements: Minimum performance or usage requirements if applicable

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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

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Third Party License

A Singapore-law governed agreement establishing terms for third party use of intellectual property or proprietary assets.

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What is a Technology License Agreement?

What sections should be included in a Technology License Agreement?

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

What schedules should be included in a Technology License Agreement?

Authors

Alex Denne

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Third Party License

User Licence

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Technology License Agreement

Technology License

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Software Installation Agreement

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Simple Trademark License Agreement

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Short Term License Agreement

Sampling License

Royalty License

Royalty Bearing License

Room License Agreement

Revocable License To Use Property

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Proprietary License Software

Portfolio License Agreement

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Patent Licence

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Open Source EULA

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Music License For Commercial Use

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