The Co-Exclusive License Agreement is a specialized commercial contract used when an intellectual property owner wishes to grant exclusive rights to multiple parties while maintaining clear boundaries between their operations. This document is particularly relevant in the Australian market where businesses seek to optimize their intellectual property exploitation through territorial or market-based division of rights. The agreement must comply with Australian competition law, particularly the Competition and Consumer Act 2010, while providing effective mechanisms for IP commercialization. It typically includes detailed provisions for coordination between licensees, territory or market allocation, royalty structures, quality control, and dispute resolution. This type of agreement is commonly used in technology licensing, manufacturing arrangements, and distribution agreements where geographic or market-based exclusivity is crucial for commercial success.
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1. Parties: Identification of the licensor and all co-exclusive licensees
2. Background: Context of the agreement, including ownership of licensed rights and business objectives
3. Definitions and Interpretation: Key terms used in the agreement and rules for interpretation
4. Grant of License: Scope of the co-exclusive license, permitted uses, and territorial restrictions
5. Co-Exclusivity Terms: Defines relationship between licensees, market allocation, and coordination requirements
6. License Fees and Payment Terms: Financial terms, royalties, payment schedules, and reporting requirements
7. Licensee Obligations: Key responsibilities of licensees including quality control and performance standards
8. Licensor Obligations: Responsibilities of licensor including maintenance of IP rights and support
9. Term and Termination: Duration of agreement, renewal provisions, and termination rights
10. Intellectual Property Protection: IP ownership, protection measures, and infringement procedures
11. Confidentiality: Protection of confidential information and trade secrets
12. General Provisions: Standard legal provisions including governing law, dispute resolution, and notices
1. Minimum Performance Requirements: Used when licensees must meet specific performance targets or quotas
2. Sub-licensing Rights: Include when licensees are permitted to sub-license rights to third parties
3. Technical Support and Training: Required when licensor provides ongoing technical assistance
4. Product Development: Include for licenses involving continued development or improvements
5. Marketing and Branding: Used when license includes trademark or branding rights
6. Quality Control: Essential for licenses involving manufacturing or service delivery standards
7. Export Controls: Include for international licensing arrangements
8. Data Protection: Required when personal data processing is involved
9. Insurance Requirements: Include when specific insurance coverage is required from licensees
1. Schedule 1 - Licensed Rights: Detailed description of intellectual property being licensed
2. Schedule 2 - Territory Allocation: Specific geographical or market divisions between co-exclusive licensees
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, royalties, and payment terms
4. Schedule 4 - Technical Specifications: Technical details and standards for licensed products or services
5. Schedule 5 - Quality Standards: Required quality standards and testing procedures
6. Schedule 6 - Reporting Requirements: Templates and procedures for required reporting
7. Appendix A - Approved Sub-licensees: List of pre-approved sub-licensees (if applicable)
8. Appendix B - Trademark Usage Guidelines: Guidelines for use of licensed trademarks and branding
Relevant legal definitions
Clauses
Relevant Industries
Technology and Software
Manufacturing
Pharmaceuticals and Healthcare
Media and Entertainment
Consumer Goods
Telecommunications
Biotechnology
Industrial Equipment
Automotive
Fashion and Luxury Goods
Relevant Teams
Legal
Commercial
Intellectual Property
Business Development
Operations
Research and Development
Compliance
Finance
Product Management
Strategy
Relevant Roles
Chief Technology Officer
Intellectual Property Manager
Commercial Director
Licensing Manager
Business Development Manager
Legal Counsel
Contract Manager
Chief Commercial Officer
Innovation Director
Product Development Manager
Operations Director
Compliance Officer
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