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You keep IP ownership of your information
Commercial License Agreement
"I need a Commercial License Agreement to grant a Singapore-based software company the right to use our proprietary AI technology for three years starting January 2025, with quarterly royalty payments and strict confidentiality provisions."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the agreement, including description of the intellectual property being licensed
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted, including scope, territory, and exclusivity
5. License Fees and Payment Terms: Financial terms, payment schedule, and reporting requirements
6. Term and Termination: Duration of agreement and circumstances for termination
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Confidentiality: Protection of confidential information
1. Maintenance and Support: Terms for technical support and maintenance - used for software or technical product licensing
2. Quality Control: Quality standards and inspection rights - used for trademark or brand licensing
3. Sublicensing Rights: Terms for sublicensing to third parties - included when sublicensing is permitted
4. Source Code Escrow: Terms for source code protection and release - specifically for software licensing agreements
1. Schedule 1 - Licensed Property: Detailed description of licensed IP, including registration numbers
2. Schedule 2 - License Fees: Detailed breakdown of fees, royalties, and payment terms
3. Schedule 3 - Technical Specifications: Technical details of licensed technology or software - included for technical licenses
4. Schedule 4 - Territory: Detailed description of licensed territories - included for geographically limited licenses
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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.