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Intellectual Property Licence Template for New Zealand

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Key Requirements PROMPT example:

Intellectual Property Licence

"I need an Intellectual Property Licence for licensing our patented manufacturing process to a company in Australia and New Zealand, with exclusive rights for 5 years starting March 2025, including requirements for quarterly royalty payments based on net sales."

Document background
The Intellectual Property License Agreement is a crucial document used when an IP owner wishes to grant rights to their intellectual property while maintaining ownership. This agreement is particularly relevant in New Zealand's growing innovation and technology sectors, where IP commercialization is increasingly important. The document provides a comprehensive framework for IP licensing transactions, covering all aspects from rights granted to commercial terms and quality control measures. It ensures compliance with New Zealand's IP laws and regulations, including the Patents Act 2013, Copyright Act 1994, and Trade Marks Act 2002. The agreement is essential for businesses and individuals looking to monetize their IP assets or acquire rights to use others' IP in their operations, while maintaining legal protection and clear boundaries of use.
Suggested Sections

1. Parties: Identifies and defines the licensor and licensee with full legal names and addresses

2. Background: Sets out the context of the agreement, ownership of the IP, and purpose of the license

3. Definitions: Defines key terms used throughout the agreement, including specific IP definitions

4. Grant of License: Specifies the exact rights being granted, including type (exclusive/non-exclusive), scope, and field of use

5. License Fee and Payment Terms: Details the financial terms, including royalties, payment schedule, and calculation methods

6. Protection of IP Rights: Outlines measures to protect the licensed IP, including confidentiality and security requirements

7. Quality Control: Establishes standards for use of the IP and licensor's right to monitor compliance

8. Representations and Warranties: States parties' warranties, particularly regarding IP ownership and right to license

9. Term and Termination: Specifies duration of the license and circumstances for termination

10. Post-Termination Obligations: Details obligations after agreement ends, including return of materials and continuing confidentiality

11. General Provisions: Standard clauses including governing law, dispute resolution, and entire agreement

Optional Sections

1. Development Rights: Include when licensee has right to modify or develop the IP

2. Sub-licensing Rights: Include when licensee is permitted to sub-license the IP to third parties

3. Territory Restrictions: Include when license is limited to specific geographic regions

4. Performance Obligations: Include when licensee must meet specific performance targets

5. Marketing and Promotion: Include when agreement involves trademark usage or marketing requirements

6. Improvements: Include when dealing with future improvements to the IP

7. Source Code Escrow: Include for software licenses where source code protection is needed

8. Export Control: Include when IP transfer might be subject to export regulations

9. Data Protection: Include when license involves processing of personal data

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed, including registration numbers

2. Schedule 2 - Technical Specifications: Technical details and requirements for using the licensed IP

3. Schedule 3 - Royalty Calculations: Detailed methodology for calculating royalties and payments

4. Schedule 4 - Quality Control Standards: Specific quality standards and compliance requirements

5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

6. Schedule 6 - Territory Definition: Detailed description of licensed territories if geographically restricted

7. Appendix A - Usage Guidelines: Guidelines for proper use of the licensed IP

8. Appendix B - Reporting Templates: Standard forms for required reporting under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses









































Relevant Industries

Technology

Software Development

Manufacturing

Pharmaceuticals

Biotechnology

Research and Development

Education

Media and Entertainment

Consumer Goods

Healthcare

Agricultural Technology

Engineering

Creative Industries

Telecommunications

Relevant Teams

Legal

Intellectual Property

Research and Development

Commercial

Business Development

Technology Transfer

Innovation

Contracts

Corporate Development

Product Development

Licensing

Patents

Relevant Roles

Legal Counsel

IP Manager

Commercial Director

Chief Technology Officer

Research Director

Business Development Manager

Licensing Manager

Patent Attorney

Innovation Manager

R&D Manager

Chief Executive Officer

Technology Transfer Officer

Commercialization Manager

Contract Manager

Head of Legal

Chief Legal Officer

Chief IP Officer

Industries









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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