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Licensing Agreement

Licensing Agreement Template for Austria

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Key Requirements PROMPT example:

Licensing Agreement

"I need a Licensing Agreement for granting exclusive rights to a software company in Vienna to use our AI technology patents across Austria and Germany, with an initial term of 5 years starting March 1, 2025, including provisions for technical support and source code escrow."

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Document background
The Licensing Agreement serves as a crucial legal instrument in Austrian business transactions, enabling the controlled sharing and commercialization of intellectual property rights. This document type is essential when one party wishes to permit another to use their intellectual property, technology, patents, trademarks, or other proprietary rights while maintaining ownership and control. The agreement must comply with Austrian legal requirements, including the Austrian Civil Code (ABGB) and Commercial Code (UGB), as well as relevant EU regulations. It is particularly important in technology transfers, brand licensing, software distribution, and manufacturing arrangements. The document typically includes detailed provisions on scope, territory, exclusivity, royalties, quality control, and termination rights, tailored to meet specific commercial objectives while ensuring legal compliance in Austria.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee, including registered addresses and company registration numbers

2. Background: Context of the agreement, description of the intellectual property, and the parties' intentions

3. Definitions: Defined terms used throughout the agreement, including technical terms, intellectual property descriptions, and other key concepts

4. Grant of License: Scope of the license, including whether exclusive or non-exclusive, territory, and permitted uses

5. License Fees and Payment Terms: Financial terms, including license fees, royalties, payment schedules, and calculation methods

6. Intellectual Property Rights: Ownership confirmation, protection of IP rights, and handling of improvements or modifications

7. Obligations of the Licensor: Licensor's duties, including delivery of materials, technical support, and maintenance obligations

8. Obligations of the Licensee: Licensee's duties, including usage restrictions, quality control, and reporting requirements

9. Term and Termination: Duration of the agreement, renewal provisions, and grounds for termination

10. Confidentiality: Protection of confidential information exchanged during the agreement

11. Warranties and Representations: Parties' warranties regarding IP ownership, authority to contract, and quality assurances

12. Liability and Indemnification: Limitation of liability provisions and indemnification obligations

13. General Provisions: Standard legal clauses including governing law, jurisdiction, entire agreement, and amendments

14. Execution: Signature blocks and execution formalities

Optional Sections

1. Quality Control: Required for trademark licenses or when maintaining product/service standards is crucial

2. Sub-licensing Rights: Include when the licensee is permitted to grant sub-licenses

3. Source Code Escrow: For software licenses where source code access may be needed in specific circumstances

4. Training and Support: When the license includes technical support or training obligations

5. Export Control: For international licenses involving regulated technologies or data

6. Data Protection: When the licensed materials involve personal data processing

7. Competition Law Compliance: Detailed provisions ensuring compliance with EU and Austrian competition laws

8. Insurance: When specific insurance coverage is required for the licensed activities

9. Change Control: For licenses requiring formal processes for changes or modifications

Suggested Schedules

1. Schedule 1 - Licensed Intellectual Property: Detailed description of the licensed IP, including registration numbers and specifications

2. Schedule 2 - Technical Specifications: Technical details, standards, and requirements for the licensed technology

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, royalties, and payment calculations

4. Schedule 4 - Service Levels: Performance standards and metrics for any associated services

5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

6. Schedule 6 - Quality Standards: Specific quality requirements and testing procedures

7. Appendix A - Form of Reports: Templates for required periodic reports

8. Appendix B - Support and Maintenance Terms: Detailed terms for technical support and maintenance services

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





































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Relevant Industries

Technology

Software Development

Manufacturing

Pharmaceuticals

Biotechnology

Entertainment

Media

Consumer Goods

Industrial Products

Telecommunications

Healthcare

Automotive

Research & Development

Fashion & Retail

Energy

Relevant Teams

Legal

Intellectual Property

Business Development

Commercial

Research & Development

Technology Transfer

Innovation

Compliance

Corporate Affairs

Licensing

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Business Development Manager

Commercial Director

Chief Technology Officer

Head of Research & Development

IP Rights Manager

Contract Manager

Chief Legal Officer

Technology Transfer Officer

Innovation Manager

Patent Attorney

Trademark Manager

Corporate Counsel

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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