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License To Use Intellectual Property

License To Use Intellectual Property Template for New Zealand

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Key Requirements PROMPT example:

License To Use Intellectual Property

"I need a License To Use Intellectual Property agreement for my software company to license our proprietary AI algorithms to enterprise customers in New Zealand and Australia, with strict usage restrictions and quarterly royalty payments based on customer revenue."

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Document background
The License To Use Intellectual Property agreement is a crucial legal instrument in New Zealand's intellectual property landscape, designed for situations where one party (the licensor) grants another party (the licensee) the right to use specific intellectual property while retaining ownership. This document is essential when businesses or individuals need to legally use patents, trademarks, copyrights, or other intellectual property owned by others, ensuring compliance with New Zealand's IP legislation and commercial laws. It covers key aspects such as scope of use, territorial restrictions, payment terms, quality control, and termination conditions, while providing necessary protections for both parties. The agreement is particularly relevant in today's digital economy where IP licensing is increasingly common across various industries and sectors.
Suggested Sections

1. Parties: Identifies and provides full details of the licensor and licensee

2. Background: Sets out the context of the agreement, including ownership of the IP and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. Grant of License: Specifies the exact rights being granted, including scope, territory, and exclusivity

5. Term and Termination: Details the duration of the license and circumstances for termination

6. License Fees and Payment Terms: Specifies all financial terms, including royalties, payment schedules, and calculation methods

7. Intellectual Property Rights: Confirms ownership of IP and specifies any restrictions on use

8. Licensee Obligations: Sets out the licensee's responsibilities in using the IP

9. Quality Control: Establishes standards for the use of the IP and quality maintenance requirements

10. Confidentiality: Defines confidential information and obligations to maintain confidentiality

11. Warranties and Representations: States the promises and assurances made by each party

12. Liability and Indemnification: Outlines the allocation of risks and responsibilities between parties

13. General Provisions: Contains standard contractual terms including governing law, notices, and assignment

Optional Sections

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

2. Development Rights: Include when the licensee has rights to modify or develop the IP

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

4. Export Controls: Include when the IP usage involves international trade

5. Source Code Escrow: Include for software licenses where source code protection is needed

6. Training and Support: Include when the licensor provides ongoing support services

7. Competition and Territory Restrictions: Include when there are specific geographical or market restrictions

8. Audit Rights: Include when the licensor requires rights to audit the licensee's use or royalty calculations

9. Insurance Requirements: Include when specific insurance coverage is required for IP use

10. Data Protection: Include when personal data processing is involved in IP usage

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of all IP being licensed, including registration numbers

2. Schedule 2 - License Fees and Royalty Calculations: Detailed breakdown of all financial terms and calculation methods

3. Schedule 3 - Technical Specifications: Technical details and requirements for using the IP

4. Schedule 4 - Quality Control Standards: Detailed quality control requirements and procedures

5. Schedule 5 - Approved Use Examples: Examples of acceptable uses of the IP

6. Schedule 6 - Territory Definition: Detailed description of geographical areas covered by the license

7. Schedule 7 - Reporting Requirements: Templates and requirements for regular reporting

8. Appendix A - Brand Guidelines: Guidelines for proper use of trademarks or branding elements

9. Appendix B - Support Services: Details of any support or maintenance services provided

10. Appendix C - Compliance Requirements: Specific compliance requirements and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses














































Relevant Industries

Technology

Software Development

Media and Entertainment

Manufacturing

Biotechnology

Pharmaceuticals

Research and Development

Education

Creative Industries

Publishing

Gaming

Healthcare

Retail

Fashion

Engineering

Telecommunications

Agriculture

Consumer Goods

Professional Services

Energy

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Research and Development

Product Development

Innovation

Compliance

Operations

Technology Transfer

Contracts Administration

Brand Management

Corporate Affairs

Technology

Strategy

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Commercial Director

Business Development Manager

Chief Technology Officer

Innovation Manager

Research Director

Product Manager

Licensing Manager

Contract Manager

IP Portfolio Manager

Chief Executive Officer

Operations Director

Technology Transfer Officer

General Counsel

Chief Legal Officer

Compliance Officer

Research Scientist

Creative Director

Brand Manager

Industries










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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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