Create a bespoke document in minutes,聽or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
License Agreement
"I need a license agreement for a patented software technology, granting non-exclusive rights for 5 years, with a royalty rate of 7% on net sales, and annual performance reviews."
What is a License Agreement?
A License Agreement sets out the legal terms for using someone else's property, ideas, or technology. It spells out exactly what the licensee can and can't do with the licensed material, from software and creative works to patents and trademarks. Under Australian law, these agreements protect intellectual property rights while letting owners profit from their creations.
The agreement covers key details like payment terms, usage limits, and the license duration. It also outlines what happens if things go wrong - crucial protections for both parties. Australian businesses commonly use these agreements for software licenses, franchise arrangements, and manufacturing rights, making them essential tools for commercializing IP assets.
When should you use a License Agreement?
Use a License Agreement any time you need to let others use your intellectual property while maintaining control over it. This includes letting companies use your patented technology, distribute your software, or sell products under your trademark. For Australian businesses, it's particularly important when commercializing IP assets or entering franchise arrangements.
The agreement becomes essential when sharing valuable IP across state lines or internationally, as it provides clear legal protection under Australian law. It's also crucial when monetizing creative works, technical innovations, or brand assets through royalty arrangements. Having this agreement in place prevents unauthorized use and establishes clear revenue streams from your intellectual property.
What are the different types of License Agreement?
- Licence Agreement To Occupy Property: Governs temporary use of real estate or facilities while maintaining ownership rights
- Music Licensing Contract: Covers commercial use of musical compositions, including performance and distribution rights
- Commercial Music License: Specifically for business use of music in retail, hospitality, or advertising settings
- Master License: Comprehensive agreement granting broad rights to use and sublicense intellectual property
- Product License: Controls the distribution, sale, or manufacturing rights for specific products
Who should typically use a License Agreement?
- IP Owners: Creators, inventors, and businesses who want to profit from their intellectual property while maintaining control over its use
- Legal Counsel: In-house or external lawyers who draft and review License Agreements to protect their clients' interests
- Licensees: Businesses or individuals who pay to use the licensed property, such as software companies, manufacturers, or franchisees
- Industry Regulators: Government bodies that oversee compliance with Australian IP laws and licensing requirements
- Technical Experts: Specialists who help define technical specifications and usage parameters in complex licensing arrangements
How do you write a License Agreement?
- Property Details: Document the exact intellectual property being licensed, including registration numbers for patents or trademarks
- Usage Scope: Define specific permitted uses, territories, and any restrictions on how the licensed property can be used
- Financial Terms: Calculate royalty rates, payment schedules, and any minimum guaranteed payments
- Duration: Determine the license term, renewal options, and conditions for early termination
- Quality Control: Outline standards and monitoring requirements to maintain the property's value
- Draft Generation: Use our platform to create a customised License Agreement that includes all required elements under Australian law
What should be included in a License Agreement?
- Parties and Capacity: Full legal names and authority of both licensor and licensee
- Licensed Property: Clear description of the IP being licensed, including registration details
- Grant of Rights: Specific permissions, territories, and usage limitations
- Payment Terms: Royalties, fees, payment schedules, and reporting requirements
- Duration and Termination: License period, renewal options, and grounds for ending the agreement
- Quality Control: Standards for using the licensed property and monitoring rights
- Dispute Resolution: Australian jurisdiction, mediation procedures, and governing law
- Warranties: Guarantees about IP ownership and right to license
What's the difference between a License Agreement and an End User License Agreement?
A License Agreement differs significantly from an End User License Agreement in several key ways. While both deal with permissions to use property or assets, they serve distinct purposes and have different scopes under Australian law.
- Scope and Purpose: License Agreements cover broad commercial rights to use, modify, or distribute IP assets, while EULAs specifically restrict how end users can use software or digital products
- Negotiation Flexibility: License Agreements are typically negotiated between parties, while EULAs are standardized, non-negotiable contracts
- Commercial Intent: License Agreements often include revenue-sharing and commercial exploitation rights, whereas EULAs usually focus on limiting user rights and protecting the developer
- Legal Complexity: License Agreements require more detailed terms about quality control, territory rights, and performance obligations, while EULAs focus mainly on usage restrictions and warranties
Download our whitepaper on the future of AI in Legal
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.