The Royalty Bearing License agreement is essential for businesses seeking to commercialize intellectual property rights in Canada while maintaining control over their use and receiving ongoing compensation. This document is typically used when an IP owner (licensor) wants to permit another party (licensee) to use their intellectual property while receiving regular royalty payments based on the commercial exploitation of the licensed rights. The agreement must comply with Canadian federal and provincial laws, including intellectual property statutes, tax regulations, and competition laws. It includes detailed provisions for calculating royalties, reporting requirements, quality control measures, and audit rights. This type of agreement is particularly important in industries where IP licensing is common, such as technology, pharmaceuticals, and entertainment, and requires careful consideration of both commercial and legal aspects to ensure proper protection of the parties' interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the licensor and licensee with full legal names and addresses
2. Background: Context of the agreement, including ownership of the intellectual property and purpose of the license
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Grant of License: Scope of the license, including territory, exclusivity, and field of use
5. Royalty Obligations: Detailed terms of royalty calculations, minimum payments, and payment procedures
6. Records and Audit Rights: Requirements for maintaining records and licensor's audit rights
7. Quality Control: Standards for licensed products/services and quality assurance requirements
8. Intellectual Property Protection: Provisions for maintaining and protecting the licensed IP
9. Term and Termination: Duration of the agreement and termination provisions
10. Confidentiality: Protection of confidential information exchanged under the agreement
11. Representations and Warranties: Standard warranties regarding IP ownership and right to license
12. Indemnification: Mutual indemnification obligations and procedures
13. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Sublicensing Rights: Include when licensee is permitted to sublicense the IP to third parties
2. Improvements: Include when parties anticipate developments or improvements to the licensed IP
3. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
4. Technical Support: Include when licensor provides technical assistance or support
5. Export Control: Include for cross-border licenses involving regulated technologies
6. Source Code Escrow: Include for software licenses where source code protection is needed
7. Insurance: Include when specific insurance requirements are necessary
8. Change of Control: Include when agreement should address ownership changes of either party
1. Schedule A - Licensed Intellectual Property: Detailed description of all IP being licensed
2. Schedule B - Royalty Calculations: Detailed formula and examples of royalty calculations
3. Schedule C - Quality Control Standards: Specific quality requirements and testing procedures
4. Schedule D - Reporting Template: Standard format for royalty reports and calculations
5. Schedule E - Approved Form of Sublicense: Template sublicense agreement if sublicensing is permitted
6. Schedule F - Technical Specifications: Detailed technical requirements for licensed products/services
7. Appendix 1 - Trademark Usage Guidelines: Guidelines for proper use of licensed trademarks
8. Appendix 2 - Territory Map: Geographic definition of licensed territory if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Pharmaceuticals
Entertainment
Media
Biotechnology
Consumer Goods
Software
Healthcare
Research & Development
Automotive
Energy
Telecommunications
Relevant Teams
Legal
Finance
Business Development
Intellectual Property
Research & Development
Tax
Compliance
Commercial Operations
Product Development
Technology Transfer
Relevant Roles
Chief Legal Officer
Intellectual Property Counsel
Licensing Manager
Business Development Director
Chief Financial Officer
Commercial Director
Contract Manager
IP Portfolio Manager
Technology Transfer Officer
Corporate Counsel
Finance Director
Tax Manager
Compliance Officer
Research & Development Director
Product Manager
Find the exact document you need
Reciprocal License Agreement
A Canadian-law governed agreement establishing mutual licensing rights between two parties for reciprocal use of their respective intellectual property assets.
find out more
Parking Lot License Agreement
A Canadian legal agreement establishing terms and conditions for parking space usage, including rights, responsibilities, and operational requirements under relevant federal and provincial laws.
find out more
Addendum To License Agreement
A Canadian law-compliant document that modifies an existing license agreement by updating or supplementing its original terms and conditions.
find out more
Revocable License Agreement
A Canadian-law governed agreement granting revocable permission to use specific intellectual property or assets, with defined terms for usage and revocation.
find out more
Perpetual Royalty License
A Canadian law-governed agreement granting perpetual rights to use intellectual property in exchange for ongoing royalty payments.
find out more
Sub Licence Agreement
A Canadian legal agreement allowing a licensee to grant certain licensed rights to a third party, subject to federal and provincial regulations.
find out more
Licence Agreement To Occupy Property
A Canadian agreement granting temporary property occupation rights without creating a landlord-tenant relationship.
find out more
Trade Mark Licence Agreement
A Canadian-law governed agreement allowing controlled use of trademarks by authorized parties, establishing usage terms and protecting the trademark owner's rights.
find out more
Right To License
A Canadian-law governed agreement granting rights to use intellectual property or technology, establishing terms, conditions, and obligations between licensor and licensee.
find out more
Land License Agreement
A Canadian legal document granting specific land use rights while maintaining original ownership, subject to federal and provincial regulations.
find out more
Timber License Agreement
A Canadian legal agreement granting rights to harvest timber on Crown lands, subject to provincial and federal regulations for sustainable forest management.
find out more
Perpetual License Maintenance
A Canadian-law governed agreement combining perpetual software licensing rights with ongoing maintenance and support services.
find out more
Master Security License
A Canadian-law governed agreement establishing the framework for comprehensive security service provision, ensuring regulatory compliance and operational standards.
find out more
Irrevocable License Agreement
A Canadian law-governed agreement establishing permanent, non-revocable rights to use intellectual property or other assets, with comprehensive terms for usage, quality control, and compensation.
find out more
Individual Contributor License Agreement
A Canadian-law governed agreement establishing terms for individual contributions of intellectual property to a project or organization, including copyright, patent rights, and moral rights provisions.
find out more
Image With Copyright License
A Canadian law-compliant agreement governing the licensed use of copyrighted images, establishing usage rights and protecting creator interests.
find out more
Mechanical License Agreement
A Canadian-law governed agreement granting rights to reproduce and distribute musical compositions, specifying terms, royalties, and compliance requirements.
find out more
Digital Image License Agreement
A Canadian-compliant agreement for licensing digital images, establishing usage rights and terms while adhering to federal copyright and provincial e-commerce laws.
find out more
Land Use License Agreement
A Canadian legal agreement granting specific land use rights while maintaining owner control, compliant with federal and provincial regulations.
find out more
Master Use License Music
A Canadian-law governed agreement granting permission to use specific recorded music, establishing usage terms and protecting both licensor and licensee rights.
find out more
White Label License Agreement
A Canadian-law governed agreement enabling one party to rebrand and market another party's product or service under their own brand name.
find out more
Occupancy License Agreement
A Canadian legal document granting permission to occupy and use a specific space without creating a landlord-tenant relationship, commonly used for flexible occupancy arrangements.
find out more
Non Exclusive Photo License Agreement
A Canadian law-compliant agreement granting non-exclusive rights to use specific photographs while protecting the copyright holder's interests and defining usage terms.
find out more
License Back Agreement
A Canadian law agreement allowing continued use of intellectual property by its original owner after transferring ownership to another party.
find out more
Copyright Agreement
A Canadian law-compliant agreement governing the transfer or licensing of copyright interests, including rights management and exploitation terms.
find out more
Non Exclusive Patent License Agreement
A Canadian-law governed agreement granting non-exclusive rights to use patented technology while maintaining the licensor's right to license to others.
find out more
Standard Software License Agreement
A Canadian-law governed agreement establishing terms for software licensing, including usage rights, fees, and compliance requirements.
find out more
Licence To Occupy Residential Property
A Canadian agreement granting permission to occupy residential property without creating a traditional landlord-tenant relationship, suitable for temporary accommodation arrangements.
find out more
Standard Use License
A Canadian-law governed agreement that establishes terms and conditions for the licensed use of intellectual property, software, or content.
find out more
Standard Copyright License
A Canadian-law governed agreement establishing terms for copyright licensing and usage, compliant with federal copyright legislation.
find out more
Footage License Agreement
A Canadian legal agreement governing the licensing and usage terms of video footage, compliant with federal and provincial regulations.
find out more
Commercial Licensing Agreement
A Canadian-law governed agreement establishing terms for licensing intellectual property rights between a licensor and licensee.
find out more
Master And Sync License
A Canadian-law governed agreement combining master recording and synchronization rights for musical works, enabling legal use of copyrighted music in various media formats.
find out more
Copyright Agreement For Artwork
A Canadian law-governed agreement for transferring or licensing copyright in artistic works, addressing both economic and moral rights.
find out more
Patent License
A Canadian law agreement granting rights to use patented technology, including terms for commercialization and royalties.
find out more
Parking License Agreement
A Canadian-law governed agreement establishing terms for parking space usage between facility owners and users, including rights, payments, and operational rules.
find out more
Technology License Agreement
A Canadian-law governed agreement establishing terms for technology licensing between a licensor and licensee, including usage rights, compensation, and compliance requirements.
find out more
Sublicensable License
A Canadian law-governed agreement granting rights to use and sublicense intellectual property, with comprehensive terms for managing both primary and subsidiary licensing relationships.
find out more
Sound Recording License Agreement
A Canadian-law governed agreement for licensing sound recordings, establishing usage rights, territories, and payment terms.
find out more
Royalty Bearing License
A Canadian law-governed agreement establishing terms for licensing intellectual property rights in exchange for royalty payments.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)