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Use Licence Agreement
"I need a Use Licence Agreement for granting a software company the right to use our proprietary AI algorithm across the EU market, with an initial term of 3 years starting from January 2025 and including provisions for technical support and maintenance."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the licence agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted
5. Licence Fee: Payment terms and conditions
6. Duration and Termination: Term of licence and circumstances for termination
7. Intellectual Property Rights: Protection and ownership of IP rights
1. Territory: Geographic limitations of the licence - include when licence is territorially restricted
2. Sub-licensing Rights: Rights to grant sub-licences to third parties - include when sub-licensing might be permitted
3. Support and Maintenance: Terms for ongoing support - include for software or technical licences
4. Data Protection: Data handling obligations - include when personal data processing is involved
1. Schedule 1 - Licensed Materials: Detailed description of licensed property or materials
2. Schedule 2 - Technical Specifications: Technical details and requirements for technical licences
3. Schedule 3 - Fee Schedule: Detailed breakdown of fees and payment terms
4. Schedule 4 - Service Level Agreement: Performance standards and metrics for software or service-based licences
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