This Perpetual Royalty License agreement template is designed for use in South African jurisdictions where parties seek to establish a long-term intellectual property licensing arrangement. It is particularly suitable for situations where the licensor wishes to maintain ownership of their intellectual property while granting indefinite usage rights to the licensee in exchange for ongoing royalty payments. The document includes essential provisions required under South African law, including compliance with the Copyright Act, Patents Act, and Competition Act. It addresses key commercial terms such as royalty calculations, payment mechanisms, quality control standards, and audit rights, while incorporating necessary protections for both parties. The perpetual nature of the license requires careful consideration of long-term implications and appropriate safeguards for both 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 and details of the Licensor and Licensee
2. Background: Context of the agreement, including description of the intellectual property being licensed
3. Definitions: Detailed definitions of terms used throughout the agreement, including 'Licensed Property', 'Royalty Rate', 'Net Sales', etc.
4. Grant of License: Explicit grant of perpetual license, including scope, territory, and any restrictions
5. Nature of License: Specifies whether the license is exclusive or non-exclusive, and any sublicensing rights
6. Royalty Obligations: Detailed provisions for calculation, reporting, and payment of royalties
7. Payment Terms: Specifics of payment timing, method, currency, and handling of taxes
8. Records and Auditing: Requirements for maintaining records and rights of audit
9. Quality Control: Standards and requirements for use of the licensed property
10. Intellectual Property Protection: Obligations regarding IP protection, infringement, and enforcement
11. Warranties and Representations: Warranties regarding ownership, right to license, and non-infringement
12. Indemnification: Mutual indemnification obligations
13. Confidentiality: Protection of confidential information exchanged under the agreement
14. Breach and Remedies: Consequences and remedies for breach of agreement terms
15. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
1. Minimum Royalty Payments: Include when requiring minimum royalty payments to maintain the license
2. Technology Transfer: Include when technical knowledge or support is required for using the licensed property
3. Marketing and Promotion: Include when specific marketing obligations or restrictions apply
4. Export Control: Include when the licensed property is subject to export control regulations
5. Competition Law Compliance: Include when the license arrangement could raise competition law concerns
6. Change of Control: Include when restrictions on change of control are needed
7. Insurance: Include when specific insurance requirements are necessary
8. Source Code Escrow: Include when licensing software with source code protection provisions
1. Schedule A - Licensed Property: Detailed description of the intellectual property being licensed
2. Schedule B - Royalty Rates and Calculations: Detailed breakdown of royalty rates, calculation methods, and examples
3. Schedule C - Technical Specifications: Technical requirements and standards for using the licensed property
4. Schedule D - Quality Control Standards: Specific quality control requirements and procedures
5. Schedule E - Reporting Templates: Standard forms for royalty reporting and calculations
6. Schedule F - Territory Definition: Detailed description of the geographic territory covered by the license
7. Appendix 1 - Approved Sub-licensees: List of pre-approved sub-licensees, if applicable
8. Appendix 2 - Existing IP Registrations: List of relevant IP registrations covered by the license
Relevant legal definitions
Clauses
Relevant Industries
Technology & Software
Manufacturing
Media & Entertainment
Pharmaceuticals & Healthcare
Consumer Goods
Industrial Design
Automotive
Telecommunications
Biotechnology
Fashion & Luxury Goods
Research & Development
Energy & Resources
Relevant Teams
Legal
Finance
Intellectual Property
Commercial
Business Development
Research & Development
Compliance
Technology
Innovation
Operations
Relevant Roles
Intellectual Property Counsel
Commercial Director
Chief Technology Officer
Licensing Manager
Legal Counsel
Business Development Manager
Chief Financial Officer
Compliance Officer
Research & Development Director
Innovation Manager
Contract Manager
Chief Executive Officer
Chief Legal Officer
Intellectual Property Manager
Commercial Manager
Find the exact document you need
Perpetual Royalty License
A South African law-governed agreement granting perpetual IP rights in exchange for ongoing royalty payments, with comprehensive terms for commercial use and compliance.
Download
Royalty Non Exclusive License
A South African law-governed agreement allowing non-exclusive use of intellectual property in exchange for royalty payments, while maintaining the Licensor's ownership rights.
Download
Mechanical License Agreement
A South African law-governed agreement authorizing the mechanical reproduction of musical works, detailing rights, royalties, and compliance requirements.
Download
Master License Agreement Music
A South African law-governed agreement establishing terms for music licensing, including rights, royalties, and usage permissions.
Download
Excluded License Agreement
A South African law-governed agreement that specifically defines intellectual property rights excluded from a license grant, ensuring clear boundaries in complex IP arrangements.
Download
White Label License Agreement
A South African law-governed agreement allowing one party to rebrand and market another party's product or service as their own, with comprehensive licensing and operational terms.
Download
Exclusive And Non Exclusive License
A South African law-governed agreement for granting both exclusive and non-exclusive intellectual property licenses, with differentiated rights and obligations for each type.
Download
Lease & License Agreement
A South African law-governed agreement combining property lease terms with specific licensing rights for property use and operations.
Download
Partnership License
A South African law-governed agreement establishing both partnership terms and licensing rights between partners, combining business collaboration with intellectual property or technology licensing.
Download
Commercial Property Licence Agreement
A South African law-compliant agreement granting rights to use commercial property under specific terms and conditions without creating a traditional lease relationship.
Download
Standard Software License Agreement
A South African law-governed agreement defining terms and conditions for software licensing between provider and user.
Download
Standard Copyright License
A South African law-compliant agreement granting copyright usage rights from an owner to a licensee, governed by the Copyright Act 98 of 1978.
Download
Software License
South African software license agreement establishing terms for software usage, compliant with local laws including POPIA and ECT Act.
Download
Non Commercial Use License
A South African law-governed license agreement permitting non-commercial use of intellectual property or content while protecting the rights holder's interests.
Download
Master And Sync License
A South African law-governed agreement combining master recording and synchronization rights for use of music in media productions.
Download
Licence Tenancy
A South African legal agreement granting temporary property occupation rights under license terms, regulated by SA property law.
Download
Use License
A South African law-governed agreement granting permission to use intellectual property, software, or proprietary content under specific terms and conditions.
Download
Beta License
A South African law-governed agreement for pre-release software testing, establishing terms between software developers and beta testers while ensuring local regulatory compliance.
Download
Grazing License
A South African law-governed agreement granting temporary rights to graze livestock on specified land, subject to environmental and agricultural regulations.
Download
Patent License
A South African law-governed agreement granting rights to use and commercialize patented technology, subject to specified terms and conditions.
Download
Copyright License
A South African law-governed agreement granting permission to use copyrighted material under specific terms and conditions, in compliance with the Copyright Act 98 of 1978.
Download
Video Game License
South African-law governed Video Game License Agreement for managing gaming intellectual property rights and associated licenses.
Download
Party License
A South African law-governed agreement establishing terms for temporary venue use for party events, including operational and compliance requirements.
Download
Under Licence Agreement
A South African law-governed agreement establishing terms for licensing intellectual property or technology rights between a licensor and licensee.
Download
Trademark Agreement
A South African law-governed agreement that sets out terms for licensing and using registered trademarks, including usage rights, restrictions, and quality control requirements.
Download
Trade Secret License
A South African law-governed agreement for licensing trade secrets while maintaining their confidentiality and establishing terms of use.
Download
Technology License Agreement
A South African law-governed agreement for licensing technology, software, or technical know-how, establishing usage rights, royalties, and compliance requirements.
Download
Technology License
A South African law-governed agreement for licensing proprietary technology, establishing usage rights, obligations, and compliance requirements between licensor and licensee.
Download
Sole License
A South African law-governed agreement granting exclusive rights to use intellectual property while allowing the licensor to retain usage rights and ownership.
Download
Sound Recording License Agreement
A South African law-compliant agreement template for licensing sound recordings, covering usage rights, royalties, and distribution terms.
Download
Single Use License
A South African law-governed agreement granting limited, single-use rights to intellectual property or other assets.
Download
Simple License Agreement
A South African law-governed agreement establishing terms for licensing intellectual property rights between parties, ensuring regulatory compliance and mutual protection.
Download
Short Term License Agreement
A South African law-governed agreement granting temporary permission to use intellectual property or protected assets for a defined short-term period.
Download
Sampling License
A South African law-governed agreement authorizing the use and modification of existing musical content through sampling, including usage rights, restrictions, and compensation terms.
Download
Royalty License
A South African law-governed agreement establishing terms for intellectual property licensing in exchange for royalty payments.
Download
Royalty Bearing License
A South African law-governed agreement granting rights to use intellectual property in exchange for royalty payments, with specific provisions for local regulatory compliance.
Download
Revocable License
A South African law-governed agreement granting revocable permission to use specific rights or property, with detailed terms for usage and revocation.
Download
Research License
A South African law-governed agreement granting rights to conduct research using protected IP, technology, or materials, subject to specified terms and conditions.
Download
Portfolio License Agreement
A South African law-governed agreement for licensing multiple software products or IP assets under a unified framework.
Download
Perpetual Trademark License
A South African law-governed agreement granting perpetual rights to use specified trademarks, with comprehensive usage terms and local legal compliance requirements.
Download
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)