A Product Licensing Agreement is essential when a product owner wishes to grant another party rights to use, manufacture, or distribute their product while retaining ownership. Under Singapore law, this agreement provides a comprehensive framework for protecting intellectual property rights while enabling commercial exploitation. The document addresses key aspects such as license scope, territory restrictions, quality standards, and payment terms, while ensuring compliance with Singapore's IP laws, competition regulations, and industry-specific requirements. It's particularly relevant for businesses expanding their product reach through licensing arrangements in the Asia-Pacific region.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the product being licensed
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 the agreement and conditions for termination
6. Payment Terms: License fees, royalties, and payment schedules
7. IP Rights and Ownership: Clear statement of IP ownership and protected rights
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Quality Control: Standards and quality requirements for product manufacturing/distribution
2. Territory Restrictions: Geographic limitations on license use
3. Sub-licensing Rights: Terms for granting sub-licenses
4. Training and Support: Terms for technical support and training
5. Data Protection: PDPA compliance requirements
1. Product Specifications: Detailed technical specifications of the licensed product
2. License Fee Schedule: Detailed breakdown of fees and payment terms
3. Quality Standards: Specific quality requirements and standards
4. Territory Map: Visual representation of licensed territories
5. IP Registration Details: List of relevant patents, trademarks, or other IP registrations
6. Service Level Agreement: Performance metrics and service standards
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