The Simple License Agreement is commonly used in Singapore when businesses or individuals need to formally grant permission for others to use their intellectual property or assets. This document type is particularly relevant when a straightforward licensing arrangement is needed without complex provisions. It typically includes basic terms covering license scope, duration, fees, and usage restrictions, while ensuring compliance with Singapore's legal requirements. This agreement is simpler than comprehensive licensing agreements but still provides adequate protection for both parties under Singapore law.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. Term and Termination: Duration of license and termination conditions
6. Payment Terms: License fees, payment schedule, and related terms
7. Intellectual Property Rights: Rights and obligations regarding the licensed IP
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Governing Law: Specification of Singapore law as governing law
1. Territory Restrictions: Geographic limitations on license use - include when license is restricted to specific regions
2. Sublicensing Rights: Terms for sublicensing to third parties - include when sublicensing is permitted
3. Quality Control: Standards and quality requirements - include for trademark or brand licenses
4. Confidentiality: Terms regarding confidential information - include when sensitive information is shared
5. Assignment: Rights to assign the license to other parties - include when assignment rights are relevant
1. Schedule 1: Licensed Property: Detailed description of licensed intellectual property
2. Schedule 2: Fee Schedule: Detailed breakdown of license fees and payment terms
3. Schedule 3: Technical Specifications: Technical details of licensed property, if applicable
4. Schedule 4: Usage Guidelines: Specific guidelines for using the licensed property
Relevant legal definitions
Clauses
Relevant Industries
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