A Non-Exclusive Patent License is essential when patent holders wish to monetize their intellectual property while maintaining control and the ability to license to multiple parties. This document, structured under Singapore law, provides a comprehensive framework for licensing arrangements, including scope of use, royalty structures, and territorial restrictions. It's particularly relevant in Singapore's innovation-driven economy and must comply with both the Patents Act (Chapter 221) and Competition Act. The agreement typically includes technical specifications, quality control measures, and specific terms for commercialization while protecting the licensor's intellectual property rights.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and patent ownership information
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fee and Royalties: Payment terms and calculation methods
6. Term and Termination: Duration of the license and termination conditions
7. Governing Law: Specification of Singapore law as governing law
1. Improvements: Provisions for handling of improvements to the licensed patent. Include when future improvements to the technology are likely
2. Sub-licensing Rights: Terms for sub-licensing if permitted. Include when sub-licensing might be desired by the licensee
3. Quality Control: Quality standards for licensed products. Include when license involves product manufacturing
4. Export Restrictions: Territorial limitations on use. Include when geographic restrictions apply to the license
1. Schedule 1: Patent Details: Technical details and registration information of the licensed patent(s)
2. Schedule 2: Royalty Calculations: Detailed methodology for calculating royalties
3. Schedule 3: Technical Documentation: Technical specifications and documentation related to the patent
4. Schedule 4: Territory Definition: Detailed description of licensed territories if geographically limited
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