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Licensing Contract
"Need a Licensing Contract for granting exclusive rights to our new software application across Southeast Asia to a Singapore-based tech company, with quarterly royalty payments and source code protection clauses, to be effective from March 2025."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and brief description of the intellectual property being licensed
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted, including scope, territory, and exclusivity
5. Term and Termination: Duration of the license and circumstances for termination
6. Payment Terms: License fees, royalties, and payment schedules
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and requirements for licensed products - use when licensing involves manufacturing or product development
2. Marketing and Promotion: Requirements for marketing licensed products/services - use when licensing involves commercial distribution
3. Training and Support: Details of technical support and training provided - use when licensing involves technical knowledge transfer
4. Insurance: Insurance requirements for parties - use when licensing involves significant risk or regulatory requirements
5. Source Code Escrow: Terms for source code protection and access - use when licensing software
1. Schedule 1: Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2: Territory: Detailed description of geographic territories covered
3. Schedule 3: Payment Schedule: Detailed breakdown of payments, royalties, and calculations
4. Schedule 4: Technical Specifications: Technical details and requirements for licensed technology
5. Schedule 5: Quality Standards: Detailed quality control requirements and specifications
6. Appendix A: Brand Guidelines: Guidelines for use of trademarks and branding
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