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Basic License Agreement

Basic License Agreement Template for Austria

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Key Requirements PROMPT example:

Basic License Agreement

"I need a Basic License Agreement under Austrian law for licensing our company's software technology to multiple European manufacturers, with the agreement starting from March 2025 and including strict quality control measures and regular audit provisions."

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Document background
The Basic License Agreement serves as a crucial legal instrument in Austrian business transactions where intellectual property rights need to be formally licensed between parties. This document is essential when one party wishes to grant another the right to use specific intellectual property, such as patents, trademarks, copyrights, or proprietary technology, while retaining ownership. The agreement, governed by Austrian law, must comply with both the Austrian Civil Code (ABGB) and relevant EU regulations, particularly in areas of intellectual property protection and competition law. It typically includes detailed provisions on license scope, territorial restrictions, payment terms, quality control measures, and termination rights, providing a comprehensive framework for managing the licensing relationship while protecting both parties' interests.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, brief description of the parties' business, and purpose of the license

3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Licensed Material', 'Territory', 'Term', and 'Intellectual Property Rights'

4. Grant of License: Explicit description of the rights being granted, including scope, territory, and whether exclusive or non-exclusive

5. Term and Termination: Duration of the license and circumstances under which it can be terminated

6. License Fees: Payment terms, including amount, frequency, and method of payment

7. Intellectual Property Rights: Confirmation of ownership and protection of IP rights

8. Licensee Obligations: Core responsibilities and restrictions on the licensee's use of the licensed material

9. Warranties and Representations: Standard warranties regarding ownership, right to license, and non-infringement

10. Limitation of Liability: Limitations on parties' liability in accordance with Austrian law

11. Confidentiality: Obligations regarding confidential information exchanged during the license relationship

12. Governing Law and Jurisdiction: Confirmation of Austrian law as governing law and jurisdiction for disputes

13. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Quality Control: Required when licensing trademarks or where quality standards need to be maintained

2. Sub-licensing Rights: Include when licensee is permitted to sub-license the rights

3. Source Code Escrow: For software licenses where source code protection is needed

4. Data Protection: Required when personal data processing is involved in the license relationship

5. Training and Support: Include when the license includes technical support or training obligations

6. Export Control: Required for international licenses involving controlled technologies

7. Insurance: Include when specific insurance coverage is required for the licensed activities

8. Audit Rights: Include when licensor needs rights to audit licensee's use or revenue reporting

Suggested Schedules

1. Schedule 1 - Licensed Material: Detailed description of the intellectual property being licensed

2. Schedule 2 - Technical Specifications: Technical details and requirements for the licensed material

3. Schedule 3 - Fee Schedule: Detailed breakdown of license fees, royalty calculations, and payment terms

4. Schedule 4 - Quality Standards: Specific quality requirements and standards to be maintained

5. Schedule 5 - Territory: Detailed description of geographical areas covered by the license

6. Appendix A - Approved Use Cases: Specific examples and scenarios of permitted uses of the licensed material

7. Appendix B - Reporting Templates: Standard forms for required periodic reporting

8. Appendix C - Contact Details: Key contacts and escalation procedures for both parties

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

Manufacturing

Research & Development

Media & Entertainment

Biotechnology

Pharmaceuticals

Consumer Goods

Industrial Equipment

Education

Telecommunications

Creative Industries

Engineering

Healthcare

Relevant Teams

Legal

Intellectual Property

Business Development

Research and Development

Commercial

Technology

Compliance

Finance

Innovation

Product Development

Corporate Affairs

Operations

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Business Development Manager

Contract Manager

Chief Technology Officer

Research Director

Innovation Manager

Commercial Director

Patent Attorney

Technology Transfer Officer

General Counsel

IP Rights Manager

Corporate Lawyer

Compliance Officer

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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