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Co Exclusive License Template for Denmark

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Key Requirements PROMPT example:

Co Exclusive License

Document background
The Co-Exclusive License Agreement is essential for situations where intellectual property rights owners wish to grant exclusive rights to multiple parties, typically in different territories or fields of use, while maintaining control over their intellectual property. This document type is particularly relevant under Danish law, which provides a robust framework for intellectual property protection and licensing arrangements. The agreement should be used when the licensor wants to maximize commercial exploitation through multiple licensees while avoiding direct competition between them. It includes comprehensive provisions for maintaining quality standards, ensuring fair market practices, and compliance with both Danish and EU regulations. The Co-Exclusive License structure is particularly valuable in international business contexts where territorial divisions are crucial for effective market penetration and development.
Suggested Sections

1. Parties: Identification of the Licensor and Licensee with full legal names, registration numbers, and addresses

2. Background: Context of the agreement, description of the licensed IP, and purpose of the licensing arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Grant of License: Specific rights granted, scope of the license, and confirmation of co-exclusive nature

5. Territory and Field of Use: Geographic areas and specific fields where the license can be exercised

6. Co-Exclusivity Provisions: Details of how the co-exclusive arrangement works, including relationship with other licensees

7. Payment Terms: License fees, royalties, payment schedules, and calculation methods

8. Obligations of the Licensor: Licensor's commitments regarding IP maintenance, support, and updates

9. Obligations of the Licensee: Licensee's commitments regarding use, reporting, and quality control

10. Quality Control: Standards and procedures for maintaining quality of licensed products/services

11. Intellectual Property Protection: Provisions for IP protection, infringement actions, and cooperation

12. Term and Termination: Duration of the agreement and circumstances for termination

13. Consequences of Termination: Actions and obligations upon agreement termination

14. Confidentiality: Protection of confidential information exchanged during the agreement

15. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes

Optional Sections

1. Sub-licensing Rights: Include when licensee is permitted to grant sub-licenses

2. Improvements: Include when parties may develop improvements to the licensed IP

3. Marketing and Promotion: Include when specific marketing obligations or restrictions apply

4. Competition Law Compliance: Include when specific competition law considerations need addressing

5. Export Control: Include when licensed products/technology are subject to export regulations

6. Data Protection: Include when personal data processing is involved

7. Source Code Escrow: Include for software licenses requiring source code protection

8. Change of Control: Include when change in company ownership needs specific provisions

9. Insurance: Include when specific insurance requirements are needed

10. Force Majeure: Include when specific force majeure provisions are required

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed

2. Schedule 2 - Territory and Field of Use Specifications: Detailed mapping of territories and allowed uses

3. Schedule 3 - Payment Terms and Royalty Calculations: Detailed financial terms and calculation methods

4. Schedule 4 - Quality Control Standards: Specific quality requirements and testing procedures

5. Schedule 5 - Reporting Requirements: Templates and specifications for required reports

6. Schedule 6 - Other Licensed Parties: Details of other co-exclusive licensees and their territories/fields

7. Schedule 7 - Technical Specifications: Technical details of licensed technology or products

8. Appendix A - Approved Form of Sub-license: Template for permitted sub-licensing arrangements

Authors

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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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