The Loan Licence Agreement is specifically designed for situations where financial support needs to be combined with licensing arrangements under English and Welsh law. This document type is commonly used when a lender provides funding while simultaneously granting rights to use specific assets, intellectual property, or technology. The agreement covers crucial elements including loan terms, interest rates, repayment schedules, security arrangements (if any), and the scope of licensed rights. It ensures compliance with UK financial regulations while protecting both parties' interests in the loan and licensing aspects.
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1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Loan Terms: Principal amount, interest rate, repayment terms
5. Licence Grant: Scope and nature of the licence being granted
6. Payment Terms: Payment schedule and methods
7. Term and Termination: Duration and circumstances for termination
8. Representations and Warranties: Statements of fact and promises made by each party
9. Governing Law and Jurisdiction: Laws governing the agreement and courts having jurisdiction
1. Security Provisions: Details of any security or collateral required for the loan
2. Intellectual Property Rights: IP ownership and usage rights when licensed material includes intellectual property
3. Data Protection: Provisions for handling personal data and ensuring compliance with data protection laws
4. Force Majeure: Provisions dealing with circumstances beyond parties' control
5. Assignment and Sublicensing: Rights and restrictions regarding transfer of rights under the agreement
1. Schedule 1 - Licensed Material: Detailed description of what is being licensed
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3 - Security Details: Description of any security arrangements and collateral
4. Appendix A - Technical Specifications: Technical details and specifications of licensed material
5. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements applicable to the agreement
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