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Cross Licence Agreement
"Need a Cross Licence Agreement for our software company to exchange AI technology patents with a research institution, including specific provisions for future improvements and joint development opportunities, to be effective from March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and ownership of relevant IP rights
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Specific rights being licensed by each party
5. Scope of Licence: Territory, field of use, and any restrictions
6. Payment Terms: Financial arrangements including royalties if applicable
7. Term and Termination: Duration and circumstances for ending the agreement
8. Confidentiality: Protection of sensitive information
9. Governing Law: Applicable law and jurisdiction
1. Improvements: Rights to technological improvements, used when ongoing development expected
2. Sub-licensing Rights: Include if parties can grant sub-licenses
3. Quality Control: Include for trademark licenses or when product quality is crucial
4. Technical Support: Include if knowledge transfer or support is part of the arrangement
5. Export Controls: Include for international licensing arrangements
1. Licensed IP: Detailed list of intellectual property covered by the agreement
2. Technical Specifications: Technical details of licensed technology or processes
3. Royalty Calculations: Detailed methodology for calculating any royalties
4. Quality Standards: Specific quality requirements if applicable
5. Approved Sub-licensees: List of pre-approved sub-licensees if applicable
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