Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Royalty Fee License
"I need a Royalty Fee License agreement for licensing our patented manufacturing process to companies in New Zealand and Australia, with a 5% royalty rate on net sales and quarterly reporting requirements starting March 2025."
1. Parties: Identifies and provides full legal details of the licensor and licensee
2. Background: Explains the context of the agreement, including ownership of the intellectual property and intention to license
3. Definitions: Defines key terms used throughout the agreement, including Licensed Property, Territory, and Royalty Fee
4. Grant of License: Specifies the exact rights being licensed, including scope, territory, and any restrictions
5. Term and Renewal: Defines the duration of the license and any renewal options
6. Royalty Payments: Details the royalty calculation method, payment schedule, and reporting requirements
7. Record Keeping and Audit Rights: Outlines the licensee's obligations for maintaining records and licensor's audit rights
8. Quality Control: Establishes quality standards for licensed products or services
9. Intellectual Property Protection: Addresses IP ownership, protection measures, and handling of infringement
10. Representations and Warranties: States the parties' representations regarding authority, IP ownership, and other key matters
11. Termination: Specifies grounds for termination and post-termination obligations
12. General Provisions: Includes standard clauses like governing law, notices, and assignment rights
1. Minimum Guaranteed Royalty: Used when the licensor requires a minimum payment regardless of actual sales
2. Sub-licensing Rights: Include when the licensee is permitted to sub-license the rights to third parties
3. Development Obligations: Required when the license involves product development or commercialization requirements
4. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
5. Territory Expansion Rights: Used when providing options to expand into additional territories
6. Non-Competition: Include when restricting licensee's involvement in competing activities
7. Source Code Escrow: Required for software licenses where source code access might be needed
8. Insurance Requirements: Include when specific insurance coverage is required for licensed activities
1. Schedule 1 - Licensed Property: Detailed description of the intellectual property being licensed
2. Schedule 2 - Royalty Calculations: Detailed formula and examples of royalty calculations
3. Schedule 3 - Reporting Template: Standard format for regular royalty reports
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Territory Definition: Detailed description of geographic areas covered by the license
6. Appendix A - Approved Product Specifications: Technical specifications for licensed products
7. Appendix B - Brand Guidelines: Guidelines for using licensed trademarks or branding
8. Appendix C - Compliance Requirements: Specific regulatory or industry compliance requirements
Authors
Technology
Software Development
Entertainment
Media
Manufacturing
Pharmaceuticals
Biotechnology
Consumer Goods
Publishing
Music Industry
Gaming
Fashion
Research and Development
Industrial Design
Telecommunications
Legal
Intellectual Property
Commercial
Business Development
Finance
Research and Development
Product Development
Compliance
Licensing
Innovation
Legal Counsel
Intellectual Property Manager
Licensing Director
Commercial Manager
Business Development Manager
Contract Administrator
Chief Technology Officer
Research Director
Product Manager
Innovation Manager
Compliance Officer
Finance Director
Royalty Administrator
IP Portfolio Manager
General Counsel
Find the exact document you need
Non Exclusive Royalty License
A New Zealand law-governed agreement granting non-exclusive rights to use intellectual property in exchange for royalty payments.
Royalty Fee License
A New Zealand law-governed agreement establishing terms for licensing intellectual property rights in exchange for royalty payments.
Royalty Split Agreement
A New Zealand-governed agreement that establishes terms for splitting royalty income between multiple parties.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.