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Third Party License
"I need a Third Party License agreement for my software company to license our AI monitoring technology to manufacturing facilities in Singapore, with specific quality control requirements and the ability for licensees to sublicense to their subsidiaries."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the license agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fees: Payment terms and schedule
6. Term and Termination: Duration of license and termination conditions
7. Intellectual Property Rights: Ownership and protection of IP
8. Warranties and Representations: Statements of fact and promises made by each party
9. Indemnification: Protection against third-party claims and losses
10. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution
1. Quality Control: Standards for licensed products/services - include when licensing involves manufacturing or service delivery
2. Territory Restrictions: Geographical limitations on license use - include for territorially restricted licenses
3. Sub-licensing Rights: Rights to grant sub-licenses - include when sub-licensing might be needed
4. Confidentiality: Protection of confidential information - include when sensitive information will be shared
5. Source Code Escrow: Terms for source code protection - include for software licenses
6. Maintenance and Support: Terms for ongoing support - include for technical licenses requiring maintenance
1. Schedule 1: Licensed IP: Detailed description of licensed intellectual property
2. Schedule 2: License Fees: Detailed payment terms and calculations
3. Schedule 3: Technical Specifications: Technical details of licensed technology or products
4. Schedule 4: Service Levels: Performance metrics and standards for licensed services
5. Appendix A: Quality Standards: Specific quality requirements and metrics
6. Appendix B: Approved Sub-licensees: List of approved sub-licensees if applicable
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