Royalty Bearing License

Royalty Bearing License Template for Austria

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Key Requirements PROMPT example:

"I need a Royalty Bearing License agreement under Austrian law for licensing our proprietary software to multiple European distributors, with quarterly royalty payments of 15% of net sales and the agreement starting January 1, 2025."

Document background

This Royalty Bearing License agreement template is designed for use in situations where one party (licensor) grants another party (licensee) the right to use specific intellectual property in exchange for ongoing royalty payments, under Austrian law jurisdiction. The document is particularly suitable for commercial licensing arrangements involving patents, trademarks, copyrights, or trade secrets, where regular payments based on usage or revenue are required. It incorporates essential elements required by Austrian commercial law and EU regulations, including specific provisions for royalty calculations, reporting obligations, quality control, and compliance with competition laws. The agreement is structured to protect both parties' interests while ensuring clear guidelines for license implementation and royalty payments. This template is adaptable for various industries and can be modified to accommodate different types of intellectual property and commercial arrangements, while maintaining compliance with Austrian legal requirements.

Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and brief description of the intellectual property being licensed

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Grant of License: Scope and nature of the license being granted, including any territorial restrictions

5. Royalty Payments: Structure of royalty calculations, payment terms, currency, and payment methods

6. Records and Audit Rights: Licensee's obligation to maintain records and licensor's right to audit

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

8. Quality Control: Standards and requirements for using the licensed property

9. Confidentiality: Protection of confidential information exchanged during the license period

10. Term and Termination: Duration of the agreement and circumstances for termination

11. Post-Termination Obligations: Obligations of parties after agreement termination

12. Representations and Warranties: Standard warranties regarding ownership, authority to license, and non-infringement

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Governing Law and Jurisdiction: Specification of Austrian law and competent courts

15. General Provisions: Standard boilerplate clauses including notice requirements, assignment, and amendments

Optional Sections

1. Minimum Royalty Payments: Required when the licensor wants to ensure a minimum income regardless of sales performance

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

3. Development Obligations: Necessary when the license includes obligations to further develop the licensed property

4. Marketing and Promotion: Include when specific marketing obligations are imposed on the licensee

5. Export Control: Required when the licensed property may be subject to export restrictions

6. Source Code Escrow: Include for software licenses where source code access may be needed in specific circumstances

7. Data Protection: Required when the licensed technology involves processing personal data

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

9. Competition Law Compliance: Required for licenses that might impact market competition

10. Change of Control: Include when rights/obligations should change upon change in company ownership

Suggested Schedules

1. Licensed Property: Detailed description of the intellectual property being licensed

2. Royalty Calculation Methods: Detailed formulas and examples for calculating royalties

3. Technical Specifications: Technical details and requirements for using the licensed property

4. Quality Control Standards: Detailed quality requirements and testing procedures

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

6. Reporting Templates: Standard forms for royalty reporting and calculations

7. Territory Definition: Detailed description of geographical territories covered by the license

8. Trademark Usage Guidelines: Specific requirements for using licensed trademarks

9. Contact Details: Key contacts for both parties for various aspects of the agreement

10. Milestone Schedule: Timeline for any development or implementation milestones

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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

Pharmaceuticals

Biotechnology

Entertainment

Media & Publishing

Consumer Goods

Industrial Equipment

Research & Development

Telecommunications

Automotive

Electronics

Fashion & Apparel

Healthcare

Relevant Teams

Legal

Intellectual Property

Business Development

Finance

Research and Development

Product Development

Compliance

Commercial Operations

Technology Transfer

Innovation

Licensing Operations

Patent Administration

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Business Development Manager

Chief Technology Officer

Commercial Director

Contract Manager

Patent Attorney

Research Director

Chief Financial Officer

Technology Transfer Officer

Innovation Manager

Compliance Officer

General Counsel

Product Development Manager

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License Option

An Austrian-law governed agreement granting a temporary right to evaluate and potentially license intellectual property, with defined terms for exercise and future licensing.

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Let's create your Royalty Bearing License

Authors

Alex Denne

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License Option

Video License

Logo License

Digital Image License

Footage License

Master And Sync License

Licence Tenancy

Common Development And Distribution License

Trademark License

Third Party License

User Licence

Trade Secret License

Sublicense

Sole License

Software Installation Agreement

Simple Trademark License Agreement

Sampling License

Royalty License

Royalty Bearing License

Revocable License

Research License

Perpetual Irrevocable License

Non Transferable License

Media License

License Arrangement

Logo License Agreement

Lease Licence

Label License

Irrevocable License

Intellectual Property Licence

Implied Copyright License

Exclusive Trademark License

Evaluation License

Data Licence

Cross License

Co Exclusive License

Service Licence Agreement

Copyright Licence

EULA Open Source

Firmware License

Music License For Film

Product License

Software Distribution License

Commercial Licence Agreement

Software License And Service Agreement

Photo Licensing Agreement

Business Software License

Contributor Licence Agreement

License And Service Agreement

End User License Agreement

Computer Software License

Commercial Software License

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