The Portfolio License Agreement is utilized when an organization wishes to license multiple intellectual property assets to another party under a single agreement. This streamlined approach, governed by Singapore law, is particularly valuable for complex licensing arrangements involving multiple patents, trademarks, or other IP rights. The agreement comprehensively addresses licensing terms, royalty structures, territorial restrictions, and compliance with Singapore's regulatory framework, while providing flexibility for various commercial arrangements and industry-specific requirements.
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Key Requirements PROMPT example:
Portfolio License Agreement
"I need a Portfolio License Agreement under Singapore law for licensing our software patent portfolio to a multinational tech company, including rights for them to sublicense in Southeast Asia, with an initial term starting March 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope and nature of the license being granted
5. Term and Termination: Duration and termination conditions
6. Payment Terms: Financial considerations and payment schedule
7. Intellectual Property Rights: IP ownership and protection provisions
8. Warranties and Representations: Statements of fact and promises made by parties
9. Confidentiality: Protection of confidential information
10. Governing Law and Jurisdiction: Laws governing the agreement and dispute resolution
1. Territory Restrictions: Geographic limitations on license use, applicable when license is geographically restricted
2. Sublicensing Rights: Rights to sublicense to third parties, included when sublicensing is permitted
3. Source Code Escrow: Source code protection provisions, relevant for software licensing agreements
4. Data Protection: PDPA compliance provisions, required when personal data is involved
5. Export Control: Compliance with export control regulations, needed for international licensing
1. Schedule 1: Licensed Portfolio: Detailed list of licensed IP assets including patents, trademarks, copyrights, and other IP rights
2. Schedule 2: License Fees: Detailed payment terms, fee structure, and royalty calculations
3. Schedule 3: Technical Specifications: Technical details and specifications of licensed assets
4. Schedule 4: Service Level Agreement: Performance metrics, support terms, and maintenance requirements
5. Appendix A: Approved Sublicensees: List of approved sublicensees and their permitted scope of use
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