An Under Licence Agreement in Singapore serves as the primary instrument for formalizing licensing arrangements between parties. This document is essential when one party wishes to grant another the right to use, manufacture, distribute, or otherwise exploit specific intellectual property or assets while retaining ownership. The agreement, governed by Singapore law, typically includes detailed provisions on scope of use, territory, duration, payment terms, quality control, and termination rights. It's particularly relevant in today's knowledge-based economy where intellectual property licensing forms a crucial part of business operations.
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1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership of licensed property
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fee and Payment Terms: Financial terms including royalties and payment schedule
6. Term and Termination: Duration of agreement and termination conditions
7. Intellectual Property Rights: Protection of IP rights and ownership declarations
8. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards for licensed products/services - use when licensing involves manufacturing or service delivery
2. Territory: Geographical scope of the license - use when license is geographically restricted
3. Sub-licensing Rights: Rights to grant sub-licenses - use when sub-licensing may be permitted
4. Data Protection: PDPA compliance provisions - use when personal data processing is involved
1. Schedule 1: Licensed Property: Detailed description of licensed IP/property
2. Schedule 2: License Fees: Detailed breakdown of fees and royalties
3. Schedule 3: Technical Specifications: Technical details of licensed property - for technical licenses
4. Schedule 4: Quality Standards: Required quality standards and specifications - for manufacturing/service licenses
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