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License Terms
"I need License Terms for a Dutch software company licensing its AI-powered analytics platform to multiple EU businesses, with the agreement starting January 2025 and including provisions for data protection, technical support, and source code escrow."
1. Parties: Identification of the licensor and licensee with full legal details
2. Background: Context of the agreement and brief description of the licensed material/technology
3. Definitions: Defined terms used throughout the agreement, including specific technical terms
4. License Grant: Scope and nature of the license (exclusive/non-exclusive), territory, and duration
5. License Fees and Payment Terms: Financial terms, payment schedule, and payment methods
6. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements
7. Use Restrictions: Limitations on use, prohibited activities, and compliance requirements
8. Confidentiality: Protection of confidential information exchanged under the agreement
9. Warranties and Representations: Warranties regarding ownership, right to license, and quality guarantees
10. Liability and Indemnification: Limitation of liability and indemnification obligations
11. Term and Termination: Duration, renewal terms, and termination rights
12. Post-Termination Obligations: Obligations surviving termination and wind-down procedures
13. General Provisions: Standard clauses including governing law, notices, and assignment rights
1. Technical Support and Maintenance: Include when the license includes support services or maintenance obligations
2. Quality Control: Include for trademark licenses or when quality standards must be maintained
3. Source Code Escrow: Include for software licenses where source code access might be needed
4. Data Protection: Include when personal data processing is involved
5. Export Control: Include when licensed material may be subject to export regulations
6. Sub-licensing Rights: Include when sub-licensing is permitted
7. Performance Requirements: Include when minimum usage or sales targets apply
8. Audit Rights: Include when usage monitoring or financial audits are required
1. Schedule 1 - Licensed Material: Detailed description of licensed IP, software, or technology
2. Schedule 2 - Technical Specifications: Technical requirements and specifications of licensed material
3. Schedule 3 - Fee Schedule: Detailed breakdown of license fees, royalties, and payment terms
4. Schedule 4 - Service Levels: Performance standards and service levels if applicable
5. Schedule 5 - Approved Sub-licensees: List of approved sub-licensees if applicable
6. Appendix A - Usage Guidelines: Detailed guidelines for proper use of licensed material
7. Appendix B - Support Procedures: Technical support and maintenance procedures if applicable
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