The Technology License Agreement is a crucial document used when one entity wishes to grant another the right to use, implement, or commercialize specific technology while retaining ownership. This agreement, governed by Danish law, is particularly important in today's technology-driven business environment where intellectual property licensing forms a significant part of business strategy. It covers essential elements including license scope, territory restrictions, payment terms, technical support, and compliance with Danish regulations. The document is commonly used in situations involving software licensing, patent licensing, technology transfer between companies, or commercialization of research institutions' innovations. It must comply with Danish intellectual property laws, the Danish Contracts Act, and relevant EU regulations, particularly regarding competition law and data protection.
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Key Requirements PROMPT example:
Technology License Agreement
I need a Technology License Agreement for licensing our AI-powered medical diagnosis software to healthcare providers in Denmark and other Nordic countries, with strict data protection provisions and including source code escrow arrangements.
1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including brief description of the technology and purpose of the license
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Licensed Technology', 'Intellectual Property Rights', 'Territory', etc.
4. Grant of License: Scope of the license, including type (exclusive/non-exclusive), territory, and field of use restrictions
5. License Fees and Payment Terms: Financial terms including license fees, royalties, payment schedules, and reporting requirements
6. Intellectual Property Rights: Ownership of IP, including improvements and derivative works
7. Technical Support and Maintenance: Terms for ongoing support, updates, and maintenance of the technology
8. Confidentiality: Protection of confidential information exchanged during the license relationship
9. Term and Termination: Duration of the agreement, renewal options, and termination rights
10. Warranties and Indemnities: Representations about the technology and allocation of risks between parties
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Source Code Escrow: Required when licensing software and source code access might be needed in specific circumstances
2. Export Control: Necessary when the technology may be subject to export control regulations
3. Data Protection: Required when the licensed technology involves processing of personal data
4. Open Source Software: Needed when the licensed technology incorporates or interacts with open source components
5. Quality Control: Important when the license involves manufacturing or product development
6. Performance Requirements: Relevant when minimum usage or sales targets are required
7. Sublicensing Rights: Include when licensee is permitted to sublicense the technology
8. Training and Documentation: Required when complex technology transfer necessitates specific training provisions
1. Schedule 1 - Licensed Technology Description: Detailed technical specifications and description of the licensed technology
2. Schedule 2 - License Fees and Royalty Calculations: Detailed breakdown of all financial terms and calculation methodologies
3. Schedule 3 - Technical Support Service Levels: Specific service levels and response times for technical support
4. Schedule 4 - Implementation Plan: Timeline and milestones for technology implementation or transfer
5. Schedule 5 - Approved Sublicensees: List of pre-approved sublicensees if applicable
6. Schedule 6 - Technical Documentation: List of all technical documentation to be provided
7. Appendix A - Form of Royalty Report: Template for periodic royalty reporting
8. Appendix B - Security Requirements: Technical and organizational security measures required
Authors
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Software Development
Biotechnology
Manufacturing
Healthcare Technology
Clean Technology
Telecommunications
Research and Development
Pharmaceutical
Industrial Automation
Artificial Intelligence
Internet of Things
Financial Technology
Educational Technology
Relevant Teams
Legal
Intellectual Property
Research & Development
Information Technology
Commercial
Business Development
Compliance
Innovation
Technical Operations
Product Development
Relevant Roles
Chief Technology Officer
Legal Counsel
Intellectual Property Manager
Licensing Manager
Technology Transfer Officer
Research Director
Head of Innovation
Commercial Director
Chief Legal Officer
Business Development Manager
Patent Attorney
Technology Scout
R&D Manager
Compliance Officer
Chief Executive Officer
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