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Royalty License Agreement
"I need a Royalty License Agreement under Singapore law for licensing our new software technology to multiple distributors in Southeast Asia, with a tiered royalty structure based on sales volume and quarterly reporting requirements."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the agreement, including ownership of IP rights and intention to license
3. Definitions: Key terms used throughout the agreement including Licensed IP, Territory, Term, etc.
4. Grant of License: Scope of license, territory, and permitted uses
5. Royalty Payments: Calculation method, payment terms, currency, and reporting requirements
6. Term and Termination: Duration of agreement and circumstances for termination
7. Confidentiality: Protection of confidential information exchanged during the agreement
1. Quality Control: Standards for using licensed IP - typically included when licensing trademarks or brands
2. Minimum Performance Requirements: Minimum sales or usage requirements - included for exclusive licenses or when licensor wants to ensure commercial exploitation
3. Improvements: Rights to improvements or modifications - relevant for technology licenses where improvements are likely
4. Sub-licensing Rights: Terms for sub-licensing - included when licensee needs to grant sub-licenses
1. Schedule 1 - Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2 - Royalty Calculations: Detailed formula and examples for royalty calculations
3. Schedule 3 - Reporting Template: Format for periodic royalty reports
4. Schedule 4 - Quality Standards: Detailed quality requirements and specifications
5. Schedule 5 - Territory: Detailed description of licensed territory if complex
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