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Licence And Supply Agreement
"I need a Licence and Supply Agreement for my software company to license our inventory management solution to a UK retailer while also providing ongoing software updates and technical support, with an initial term starting from March 2025."
1. Parties: Details of the licensor and licensee/supplier including registered addresses and company numbers
2. Background: Context and purpose of the agreement, including brief description of the business relationship
3. Definitions: Key terms used throughout the agreement including Products, Territory, Intellectual Property Rights
4. Grant of Licence: Terms of the licence being granted, including scope, restrictions and permitted uses
5. Supply Terms: Terms governing the supply arrangement including ordering process, delivery terms, and acceptance criteria
6. Payment Terms: Pricing, payment schedule, invoicing requirements and late payment provisions
7. Intellectual Property Rights: IP ownership, usage rights, and protection obligations
8. Term and Termination: Duration of agreement, renewal terms, and termination rights
9. Confidentiality: Protection of confidential information, including scope and duration of obligations
1. Quality Control: Quality standards, inspection rights, and quality assurance procedures
2. Territory Restrictions: Geographical limitations on licence and supply rights
3. Minimum Purchase Requirements: Minimum order quantities or values and consequences of failure to meet them
4. Technical Support: Support services provisions including response times and service levels
5. Data Protection: Obligations regarding personal data processing and compliance with data protection laws
1. Products Schedule: Detailed list of products covered by the agreement including specifications
2. Price List: Detailed pricing information including any volume discounts or special terms
3. Technical Specifications: Detailed product specifications and technical requirements
4. Service Level Agreement: Performance metrics, service standards and remedies for failure
5. Quality Standards: Detailed quality requirements, testing procedures and acceptance criteria
6. Territory Schedule: Detailed description of territorial scope including any excluded territories
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