The Non-Perpetual License agreement is essential for businesses and individuals seeking to grant or receive temporary rights to use intellectual property in Singapore. This document is commonly used when the licensor wishes to maintain long-term control over their intellectual property while allowing others to use it for a defined period. The agreement complies with Singapore's robust intellectual property laws and provides clear terms for duration, usage rights, and termination. It's particularly relevant in today's digital economy where temporary access to intellectual property is increasingly common.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the license agreement and brief description of the licensed property
3. Definitions: Key terms used throughout the agreement including definitions from relevant Singapore legislation
4. Grant of License: Scope and nature of the license being granted, including duration and territory
5. Term and Termination: Duration of license, renewal terms, and conditions for termination
6. License Fees: Payment terms, schedule, and any adjustment mechanisms
7. Intellectual Property Rights: Ownership declarations and IP protection measures
8. Warranties and Representations: Standard warranties regarding ownership and right to license
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction
1. Territory Restrictions: Geographic limitations on license use, relevant when license is restricted to specific regions
2. Sublicensing Rights: Terms for sublicensing to third parties, included when sublicensing is permitted
3. Data Protection: PDPA compliance requirements, included when personal data processing is involved
4. Export Controls: Export control compliance measures, included for international licensing
5. Source Code Escrow: Terms for source code escrow arrangements, included for software licenses
1. Schedule 1: Licensed Property: Detailed description of the licensed intellectual property and its specifications
2. Schedule 2: Fee Schedule: Detailed breakdown of license fees, payment terms and schedules
3. Schedule 3: Technical Specifications: Technical requirements and specifications for the licensed property
4. Schedule 4: Service Levels: Performance standards and service level commitments if applicable
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