This Non-Exclusive Perpetual License agreement is designed for situations where a rights holder wishes to grant permanent usage rights to their intellectual property while retaining the ability to license the same IP to other parties. It is particularly relevant in the Maltese business environment, where many international companies operate in sectors such as technology, gaming, and financial services. The document incorporates necessary provisions under Maltese law and EU regulations, making it suitable for both domestic and international transactions. It addresses key aspects such as license scope, payment terms, usage restrictions, and compliance requirements, while providing flexibility for various types of intellectual property including software, patents, trademarks, and proprietary information. The agreement is structured to protect both parties' interests while ensuring long-term operational viability under Malta's legal framework.
Non Exclusive Perpetual License for Malta
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Key Requirements PROMPT example:
Non Exclusive Perpetual License
"I need a Non-Exclusive Perpetual License agreement for licensing our enterprise software solution to multiple corporate clients in the EU, with the first license to be effective from March 1, 2025, including provisions for maintenance updates and technical support."
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1. Parties: Identifies and provides full details of the licensor and licensee
2. Background: Explains the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. License Grant: Specifies the non-exclusive perpetual license terms, scope, and permitted uses
5. License Restrictions: Details restrictions on use, sublicensing, and transfer rights
6. Intellectual Property Rights: Confirms ownership and protection of the licensed IP
7. Payment Terms: Specifies license fees, payment schedule, and any recurring charges
8. Warranties and Representations: States parties' warranties regarding the licensed material and authority to contract
9. Confidentiality: Governs the treatment of confidential information exchanged
10. Indemnification: Sets out indemnification obligations of both parties
11. Limitation of Liability: Defines the extent and limitations of parties' liabilities
12. Term and Termination: Specifies duration and grounds for termination despite perpetual nature
13. Post-Termination Obligations: Details obligations and rights after termination
14. Governing Law and Jurisdiction: Specifies Maltese law governance and jurisdiction for disputes
15. General Provisions: Includes standard boilerplate clauses like notices, amendment process, and severability
1. Support and Maintenance: Include when ongoing technical support or maintenance services are provided
2. Quality Control: Include for trademark or brand-related licenses requiring quality standards
3. Territory Restrictions: Include when the license is geographically restricted
4. Updates and New Versions: Include for software or content licenses where updates may be provided
5. Data Protection: Include when personal data processing is involved
6. Source Code Escrow: Include for software licenses where source code access might be needed
7. Export Control: Include when licensed material is subject to export regulations
8. Audit Rights: Include when usage monitoring and audit rights are required
1. Schedule 1 - Licensed Material: Detailed description of the licensed intellectual property
2. Schedule 2 - Technical Specifications: Technical details and requirements for the licensed material
3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and payment terms
4. Schedule 4 - Service Level Agreement: Performance standards and metrics if support is included
5. Schedule 5 - Approved Use Cases: Specific approved uses and implementations of the licensed material
6. Appendix A - Contact Details: Key contacts for both parties for various purposes
7. Appendix B - Compliance Requirements: Specific compliance and reporting requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Software Development
Media and Entertainment
Manufacturing
Telecommunications
Healthcare
Financial Services
Professional Services
Gaming and iGaming
Biotechnology
Research and Development
Education
Relevant Teams
Legal
Intellectual Property
Commercial
Business Development
Technology
Research and Development
Compliance
Operations
Finance
Product Management
Relevant Roles
Legal Counsel
Intellectual Property Manager
Licensing Director
Contract Manager
Business Development Manager
Chief Technology Officer
Chief Legal Officer
Commercial Director
IP Rights Administrator
Compliance Officer
Product Manager
Research Director
Innovation Manager
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