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1. Parties: Identification of the Licensor and Licensee with full legal names and addresses
2. Background: Context of the agreement, including patent details and purpose of the license
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Scope of license, territory, and nature of rights granted
5. Patent Rights: Detailed description of the licensed patent rights and any limitations
6. License Fees and Royalties: Financial terms, payment schedules, and calculation methods
7. Reports and Auditing: Requirements for financial reporting and audit rights
8. Quality Control: Standards for product quality and compliance requirements
9. Improvements and New Developments: Rights and obligations regarding improvements to the patented technology
10. Protection of Patent Rights: Obligations to maintain and defend the patent rights
11. Confidentiality: Protection of confidential information exchanged under the agreement
12. Term and Termination: Duration of agreement and termination provisions
13. Warranties and Indemnities: Standard warranties and indemnification provisions
14. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Sub-licensing Rights: Include when licensee is permitted to grant sub-licenses
2. Technical Assistance: Include when licensor will provide technical support or training
3. Manufacturing Requirements: Include for manufacturing licenses with specific production requirements
4. Export Controls: Include when technology is subject to export control regulations
5. Regulatory Compliance: Include when product requires specific regulatory approvals
6. Field of Use Restrictions: Include when license is limited to specific applications or industries
7. Minimum Performance Requirements: Include when license includes minimum sales or performance targets
8. Competition Law Compliance: Include specific provisions when deal size requires competition law consideration
1. Patent Specifications: Detailed technical specifications of the licensed patents
2. Products: List and specifications of licensed products
3. Royalty Calculations: Detailed methodology for calculating royalties
4. Quality Standards: Detailed quality control requirements and specifications
5. Technical Documentation: Supporting technical documentation and know-how
6. Territory Definition: Detailed description of licensed territory if complex
7. Reporting Templates: Standard forms for required reports and notifications
8. Improvement Rights: Detailed provisions regarding rights to improvements
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