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Product License Agreement

Product License Agreement Template for Philippines

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Key Requirements PROMPT example:

Product License Agreement

"I need a Product License Agreement for my software company based in Manila to license our cloud-based accounting software to enterprise clients across Southeast Asia, with specific provisions for data privacy compliance and regular software updates starting March 2025."

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Document background
The Product License Agreement serves as a critical legal instrument for businesses operating in the Philippines who wish to license their products while maintaining control over their intellectual property rights. This document is essential when a company wants to grant another party the right to use, sell, or distribute their product while retaining ownership. It must comply with Philippine legislation, including the Intellectual Property Code (RA 8293), Consumer Act (RA 7394), and when applicable, the E-Commerce Act (RA 8792). The agreement typically covers license scope, territorial restrictions, payment terms, usage limitations, and protection mechanisms, while addressing specific requirements of Philippine contract law and local business practices.
Suggested Sections

1. Parties: Identifies and provides full legal details of the licensor and licensee

2. Background: Explains the context of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. License Grant: Specifies the scope, nature, and limitations of the license being granted

5. License Fees and Payment Terms: Details the payment structure, timing, and methods for license fees

6. Intellectual Property Rights: Confirms ownership of IP and protected rights

7. Use Restrictions: Specifies prohibited uses and limitations on the license

8. Term and Termination: Defines the duration of the agreement and circumstances for termination

9. Warranties and Representations: Sets out warranties regarding the product and representations by both parties

10. Limitation of Liability: Establishes limits on parties' liability and exclusions

11. Confidentiality: Defines confidential information and obligations to protect it

12. General Provisions: Contains standard legal provisions including governing law, notices, and assignment rights

Optional Sections

1. Installation and Implementation: Required for products needing specific installation procedures or implementation services

2. Maintenance and Support: Include when ongoing support or maintenance services are part of the agreement

3. Training: Necessary when the licensor provides training services for the product

4. Audit Rights: Include when licensor needs rights to audit licensee's use of the product

5. Export Controls: Required for products subject to international trade restrictions

6. Data Protection: Include when the product involves processing personal data

7. Source Code Escrow: Relevant for software products where source code access might be needed in specific circumstances

8. Territory Restrictions: Include when the license is restricted to specific geographic regions

9. Sub-licensing Rights: Required when licensee is permitted to sub-license the product

10. Competition and Non-Solicitation: Include when protecting against competitive activities is necessary

Suggested Schedules

1. Product Specifications: Detailed technical specifications and functionality of the licensed product

2. Fee Schedule: Detailed breakdown of license fees, payment schedules, and any variable pricing elements

3. Service Level Agreement: Performance standards and metrics for product support and maintenance

4. Acceptable Use Policy: Detailed guidelines for acceptable use of the licensed product

5. Support and Maintenance Terms: Detailed terms for support services and maintenance obligations

6. Implementation Plan: Timeline and milestones for product implementation, if applicable

7. Authorized Users: List of authorized users or user categories and their access rights

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

































Clauses
































Relevant Industries

Technology and Software

Manufacturing

Retail and Consumer Goods

Healthcare and Medical Devices

Telecommunications

Financial Services

Education

Entertainment and Media

Industrial and Engineering

Pharmaceutical and Biotechnology

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Sales

Compliance

Product Development

Operations

Procurement

Risk Management

Finance

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Commercial Director

Business Development Manager

Contract Manager

Chief Legal Officer

Product Manager

Sales Director

Compliance Officer

Chief Technology Officer

Operations Manager

Procurement Manager

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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