This Royalty Non-Exclusive License agreement is designed for use when a rights holder wishes to grant non-exclusive usage rights to their intellectual property while retaining ownership and the ability to license the same rights to others. The document is structured under Maltese law, incorporating both local legal requirements and EU regulations, making it particularly suitable for transactions within the EU context. It includes essential provisions for royalty calculations, payment terms, quality control, and compliance requirements. This type of agreement is commonly used in various commercial scenarios, from technology licensing to content distribution, and can be adapted for different types of intellectual property including patents, trademarks, copyrights, and trade secrets. The non-exclusive nature of the license means the licensor retains the right to grant similar licenses to other parties, making it particularly suitable for businesses looking to maximize their IP commercialization while maintaining control over their assets.
Royalty Non Exclusive License for Malta
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Key Requirements PROMPT example:
Royalty Non Exclusive License
"I need a Royalty Non-Exclusive License agreement under Maltese law for licensing our patented pharmaceutical manufacturing process to multiple European manufacturers, with quarterly royalty payments of 5% of net sales and strict quality control requirements."
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement, including description of the intellectual property and parties' intentions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Grant of License: Scope of the non-exclusive license, permitted uses, and territory
5. Royalty Payments: Payment terms, calculation methods, reporting requirements, and payment schedule
6. Records and Audit Rights: Licensee's obligation to maintain records and licensor's audit rights
7. Intellectual Property Rights: Confirmation of ownership, protection of IP rights, and handling of improvements
8. Quality Control: Standards for use of the licensed IP and quality maintenance requirements
9. Representations and Warranties: Parties' representations regarding authority, IP ownership, and non-infringement
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Post-Termination Obligations: Obligations and rights of parties after agreement termination
12. Confidentiality: Protection of confidential information exchanged during the agreement
13. General Provisions: Standard clauses including notices, assignment, severability, and entire agreement
14. Governing Law and Jurisdiction: Specification of Maltese law as governing law and jurisdiction for disputes
1. Sub-licensing Rights: Include when licensee is permitted to sub-license the IP to third parties
2. Territory Restrictions: Include when license is restricted to specific geographical areas
3. Competition Law Compliance: Include when license terms could raise competition law concerns
4. Export Control: Include when licensed IP is subject to export control regulations
5. Source Code Escrow: Include for software licenses where source code protection is needed
6. Localization Rights: Include when licensed content needs to be adapted for different markets
7. Tax Provisions: Include detailed tax provisions for cross-border licensing
8. Insurance Requirements: Include when specific insurance coverage is required for licensed activities
1. Schedule 1 - Licensed Intellectual Property: Detailed description and specifications of the licensed IP
2. Schedule 2 - Royalty Calculations: Detailed formula and examples of royalty calculations
3. Schedule 3 - Reporting Template: Template for periodic royalty reports
4. Schedule 4 - Quality Control Standards: Detailed quality standards and testing procedures
5. Schedule 5 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable
6. Appendix A - Technical Specifications: Technical details and requirements for using the licensed IP
7. Appendix B - Territory Map: Visual representation of licensed territories if geographically restricted
8. Appendix C - Minimum Performance Requirements: Specific performance metrics licensee must achieve
Authors
Relevant legal definitions
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Relevant Industries
Technology
Entertainment
Manufacturing
Pharmaceuticals
Software Development
Media and Publishing
Biotechnology
Consumer Goods
Research and Development
Gaming and Interactive Entertainment
Telecommunications
Fashion and Luxury Goods
Relevant Teams
Legal
Intellectual Property
Business Development
Finance
Compliance
Research and Development
Commercial
Operations
Corporate Strategy
Risk Management
Relevant Roles
Legal Counsel
Intellectual Property Manager
Licensing Director
Business Development Manager
Chief Technology Officer
Financial Controller
Compliance Officer
Commercial Director
Research and Development Director
Contract Manager
Chief Executive Officer
Intellectual Property Attorney
Finance Director
Operations Manager
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