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Simple Licence Agreement
"Need a Simple Licence Agreement to allow a small tech startup to use our proprietary software algorithm for a 12-month period starting March 2025, with quarterly payments and no right to modify the code."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the subject matter
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted
5. Duration: Term of the licence and renewal provisions
6. Payment Terms: Licence fees, payment schedule, and related financial terms
7. Termination: Circumstances and process for ending the agreement
1. Territory: Geographic scope of the licence, used when territorial restrictions apply
2. Quality Control: Standards and requirements for licensed products/services, relevant for brand licensing
3. Sub-licensing Rights: Terms regarding the licensee's right to sub-license, if permitted
4. Improvements: Rights relating to improvements or modifications, particularly relevant for technology licences
1. Licensed Property: Detailed description of the intellectual property being licensed
2. Licence Fees: Detailed breakdown of payment structure and calculations
3. Technical Specifications: Technical details and requirements, particularly for software or technology licences
4. Quality Standards: Detailed quality requirements and specifications, if applicable
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