This Non-Exclusive Limited Use License is essential for businesses and organizations seeking to monetize their intellectual property while retaining control over its use and the ability to license to multiple parties. The document is particularly relevant in the Danish market where intellectual property licensing must comply with specific local regulations and contract law principles. It provides a structured framework for licensing arrangements that protect the licensor's interests while granting clearly defined usage rights to the licensee. The agreement is commonly used for software licensing, content distribution, technology transfer, and various other commercial applications where controlled sharing of intellectual property is required. It includes provisions for compliance with Danish competition law, ensuring the non-exclusive nature of the license doesn't create market dominance issues.
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Key Requirements PROMPT example:
Non Exclusive Limited Use License
1. Parties: Identification of the licensor and licensee with full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the licensed material/property
3. Definitions: Key terms used throughout the agreement including 'Licensed Material', 'Territory', 'Term', and 'Permitted Use'
4. Grant of License: Specific rights being granted, emphasizing non-exclusive nature and permitted uses
5. Term and Termination: Duration of the license and conditions for termination
6. License Fees: Payment terms, amounts, and schedule for license fees
7. Use Restrictions: Specific limitations on use, prohibited activities, and territorial restrictions
8. Intellectual Property Rights: Confirmation of ownership and protection of IP rights
9. Warranties and Representations: Standard warranties regarding ownership and right to license
10. Liability and Indemnification: Limitations of liability and indemnification obligations
11. Confidentiality: Treatment of confidential information exchanged under the agreement
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including assignment, severability, and entire agreement
1. Quality Control: Required when licensed material must meet specific quality standards or requirements
2. Maintenance and Support: Included when technical support or maintenance services are part of the license
3. Sublicensing Rights: Used when sublicensing is permitted under specific conditions
4. Performance Requirements: Included when licensee must meet specific performance or usage targets
5. Export Control: Required when licensed material is subject to export control regulations
6. Data Protection: Necessary when personal data processing is involved in the license implementation
7. Source Code Escrow: Required for software licenses where source code access might be needed under specific conditions
8. Audit Rights: Included when licensor requires right to audit licensee's use of licensed material
1. Schedule A - Licensed Material: Detailed description and specification of the licensed material
2. Schedule B - Technical Specifications: Technical requirements and specifications for use of the licensed material
3. Schedule C - Fee Schedule: Detailed breakdown of license fees, payment terms, and calculation methods
4. Schedule D - Permitted Uses: Comprehensive list of authorized uses and any specific conditions
5. Schedule E - Territory: Detailed definition of geographic or market territories covered by the license
6. Appendix 1 - Contact Information: Key contacts for both parties for various purposes (technical, legal, billing)
7. Appendix 2 - Reporting Templates: Standard forms for usage reporting if required under the agreement
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