The Short Term License Agreement is designed for situations requiring temporary authorization to use specific intellectual property, technology, content, or other assets in Malaysia. This document is particularly useful for businesses and individuals needing to grant or receive short-term rights for specific purposes, such as software use, content distribution, or technology implementation. The agreement complies with Malaysian legal requirements, including the Contracts Act 1950, relevant intellectual property laws, and commercial regulations. It typically includes essential provisions for license scope, duration, payment terms, usage restrictions, and termination rights, while remaining flexible enough to accommodate various types of licensed assets and business arrangements. This agreement type is commonly used for pilot projects, temporary collaborations, seasonal operations, or trial periods where a full long-term license may not be appropriate or desired.
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1. Parties: Identifies and provides full details of the licensor and licensee, including registration numbers for companies
2. Background: Sets out the context of the agreement and brief description of the subject matter being licensed
3. Definitions: Defines key terms used throughout the agreement
4. Grant of License: Specifies the exact rights being granted, including scope, territory, and exclusivity
5. Term and Termination: Defines the duration of the license and circumstances for early termination
6. License Fees: Details the payment terms, amounts, and payment schedule
7. Intellectual Property Rights: Confirms ownership of IP and extent of rights granted
8. Licensee's Obligations: Lists key responsibilities and restrictions on the licensee
9. Licensor's Obligations: Outlines the licensor's commitments and responsibilities
10. Confidentiality: Provisions for protecting confidential information exchanged during the license period
11. Governing Law: Specifies Malaysian law as governing law and jurisdiction for disputes
1. Quality Control: Required when licensing involves products or services that need to meet specific standards
2. Sub-licensing Rights: Include when licensee may need to sub-license the rights to others
3. Insurance: Include when specific insurance coverage is required for the licensed activities
4. Force Majeure: Include for longer-term licenses or when external factors could significantly impact performance
5. Assignment: Include when transfer of rights needs to be specifically addressed
6. Audit Rights: Include when licensor needs rights to audit licensee's use or payment calculations
7. Data Protection: Include when personal data processing is involved in the licensed activities
1. Schedule 1 - Licensed Property: Detailed description of the intellectual property or assets being licensed
2. Schedule 2 - License Fees and Payment Terms: Detailed breakdown of fees, payment schedule, and calculation methods
3. Schedule 3 - Technical Specifications: Technical requirements or specifications for use of the licensed property
4. Schedule 4 - Approved Use Cases: Specific approved uses and examples of prohibited uses of the licensed property
5. Appendix A - Form of Reports: Ƶ for any required reporting by the licensee
6. Appendix B - Contact Details: Key contact persons and their details for both parties
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