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This Sublicensable License agreement template is designed for use in the Indian jurisdiction when a party wishes to grant both usage rights and the ability to further license intellectual property to third parties. It incorporates essential elements required under Indian law, including compliance with the Indian Contract Act, 1872, and relevant intellectual property statutes. The document is particularly useful in scenarios involving software licensing, technology transfer, pharmaceutical patents, or other intellectual property where the licensee needs to create a distribution or implementation network through sublicensing. It includes detailed provisions for royalty structures, quality control, reporting requirements, and the specific mechanics of sublicensing arrangements. The agreement ensures protection of the original IP owner's rights while enabling commercial flexibility through controlled sublicensing provisions.

1. Parties: Identification of the Licensor and Licensee with full legal names and addresses

2. Background: Context of the agreement, description of the intellectual property, and parties' intentions

3. Definitions: Defined terms used throughout the agreement, including Licensed IP, Territory, Term, etc.

4. Grant of License: Scope of the license, including territory, field of use, and explicit sublicensing rights

5. Sublicensing Rights and Restrictions: Specific terms governing the Licensee's right to sublicense, including any restrictions or approval requirements

6. Payment Terms: License fees, royalties, payment schedules, and reporting requirements

7. Protection of IP Rights: Obligations regarding IP protection, including registration, enforcement, and infringement actions

8. Quality Control: Standards and requirements for use of the Licensed IP

9. Representations and Warranties: Standard warranties regarding IP ownership, right to license, non-infringement

10. Term and Termination: Duration of the agreement and grounds for termination

11. Post-Termination Obligations: Obligations of parties after agreement ends, including treatment of sublicenses

12. Governing Law and Jurisdiction: Choice of Indian law and jurisdiction for dispute resolution

13. Boilerplate Provisions: Standard clauses including notices, assignment, entire agreement, etc.