The Revocable License agreement is a fundamental legal instrument used in Hong Kong business operations when one party needs to grant another party temporary, revocable permission to use property, facilities, intellectual property, or other rights. This document is particularly useful in situations where the grantor wishes to maintain significant control over the granted rights and the ability to withdraw permission. Common applications include temporary use of commercial space, software licensing, equipment usage, or intellectual property rights. The agreement, governed by Hong Kong law, typically includes specific terms about the scope of use, duration, termination rights, fees, and compliance requirements. Unlike a lease or permanent transfer of rights, a Revocable License can be terminated more readily, providing flexibility for the licensor while offering the licensee clear parameters for permitted use.
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1. Parties: Identification of the Licensor and Licensee with full legal names and addresses
2. Background: Context of the license arrangement and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted and their scope
5. Term and Termination: Duration of the license and conditions for revocation
6. License Fee: Payment terms, amounts, and payment schedule if applicable
7. Licensee's Obligations: Specific duties and responsibilities of the Licensee
8. Licensor's Rights and Obligations: Rights reserved by the Licensor and any obligations
9. Limitation of Liability: Extent and limitations of each party's liability
10. Notices: How formal communications between parties should be made
11. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Intellectual Property Rights: Include when the license involves use of trademarks, patents, or other IP
2. Insurance: Include when the licensed activity requires specific insurance coverage
3. Confidentiality: Include when sensitive information will be shared between parties
4. Assignment and Sub-licensing: Include when there's a need to explicitly prohibit or allow transfer of rights
5. Force Majeure: Include when long-term arrangements might be affected by external events
6. Data Protection: Include when personal data processing is involved
7. Maintenance and Support: Include when the license involves technical systems or equipment
8. Health and Safety: Include when the license involves physical premises or potentially hazardous activities
1. Schedule 1 - Licensed Property/Rights: Detailed description of the property or rights being licensed
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment terms, and calculation methods
3. Schedule 3 - Technical Specifications: Technical details or specifications if the license involves equipment or systems
4. Schedule 4 - Service Levels: Performance standards or service levels if applicable
5. Schedule 5 - Authorized Users: List of permitted users or usage limitations if applicable
6. Appendix A - Required Forms: Standard forms for notices, requests, or other formal communications
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Technology
Manufacturing
Retail
Entertainment
Healthcare
Education
Financial Services
Telecommunications
Hospitality
Media and Broadcasting
Research and Development
Relevant Teams
Legal
Operations
Facilities Management
Commercial
Compliance
Risk Management
Real Estate
Business Development
Administration
Property Management
Contract Management
Relevant Roles
Legal Counsel
Property Manager
Facilities Manager
Commercial Director
Operations Manager
Compliance Officer
Contract Manager
Business Development Manager
Real Estate Manager
Intellectual Property Manager
Risk Manager
Company Secretary
Chief Legal Officer
Chief Operating Officer
General Counsel
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