The Patent License Agreement is a crucial document used when a patent owner wishes to monetize their intellectual property by allowing others to use their patented technology while maintaining ownership rights. Under Hong Kong law, this agreement must comply with the Patents Ordinance (Cap. 514) and related regulations, which provide the framework for patent protection and exploitation in Hong Kong. The document typically includes detailed technical specifications, commercial terms, quality control requirements, and provisions for protecting intellectual property rights. It is particularly important in industries where technology transfer and innovation are key drivers of business growth, and can be used for both exclusive and non-exclusive licensing arrangements. The agreement should carefully balance the interests of both licensor and licensee while ensuring compliance with Hong Kong's intellectual property and competition laws.
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1. Parties: Identification of the licensor and licensee, including full legal names and registered addresses
2. Background: Context of the agreement, including brief description of the patent(s) and purpose of the license
3. Definitions: Definitions of key terms used throughout the agreement, including technical terms and defined contract concepts
4. Grant of License: Scope of the license grant, including territory, exclusivity/non-exclusivity, and field of use restrictions
5. Patent Rights: Detailed description of the licensed patent rights and any associated know-how
6. License Fees and Royalties: Financial terms including upfront payments, ongoing royalties, and payment terms
7. Records and Audit Rights: Obligations regarding record-keeping and the licensor's audit rights
8. Quality Control: Standards and requirements for products manufactured under the license
9. Intellectual Property Protection: Obligations regarding patent maintenance, enforcement, and infringement actions
10. Representations and Warranties: Standard warranties regarding patent ownership, right to license, and non-infringement
11. Confidentiality: Protection of confidential information exchanged under the agreement
12. Term and Termination: Duration of the agreement and circumstances allowing termination
13. Post-Termination Obligations: Obligations surviving termination and wind-down provisions
14. General Provisions: Standard boilerplate clauses including governing law, dispute resolution, and notices
1. Sublicensing Rights: Include when licensee is permitted to grant sublicenses to third parties
2. Improvements: Include when parties anticipate developing improvements to the licensed technology
3. Manufacturing Rights: Include when license includes right to manufacture patented products
4. Export Controls: Include for cross-border licenses involving controlled technology
5. Technology Transfer: Include when technical assistance or know-how transfer is part of the agreement
6. Marketing and Promotion: Include when agreement covers marketing rights or obligations
7. Competition Law Compliance: Include specific provisions when license terms could raise competition law issues
8. Research and Development: Include when agreement involves ongoing R&D collaboration
1. Schedule 1 - Licensed Patents: Detailed list of licensed patents including registration numbers and jurisdictions
2. Schedule 2 - Technical Specifications: Detailed technical specifications of the licensed technology
3. Schedule 3 - Royalty Calculations: Detailed methodology for calculating royalties
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures
5. Schedule 5 - Approved Sublicensees: List of pre-approved sublicensees (if applicable)
6. Schedule 6 - Technical Documentation: List of technical documentation to be provided to licensee
7. Appendix A - Form of Royalty Report: Template for periodic royalty reporting
8. Appendix B - Trademark Usage Guidelines: Guidelines for using any associated trademarks (if applicable)
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