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Technology License Agreement

Technology License Agreement Template for Malaysia

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Key Requirements PROMPT example:

Technology License Agreement

"I need a Technology License Agreement for licensing our proprietary machine learning software to Malaysian manufacturing companies, with implementation starting January 2025, including provisions for technical support and regular software updates."

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Document background
The Technology License Agreement serves as a crucial legal framework for technology transfer and commercialization in Malaysia, ensuring compliance with local laws including the Patents Act 1983, Copyright Act 1987, and Contracts Act 1950. This document is essential when one party wishes to grant another party rights to use their proprietary technology, software, patents, or technical know-how while maintaining ownership of the intellectual property. It's particularly important in scenarios involving cross-border technology transfer, software licensing, or industrial technology implementation. The agreement includes detailed provisions for protecting intellectual property rights, establishing payment structures, defining implementation requirements, and ensuring proper technology support and maintenance. It addresses specific Malaysian regulatory requirements while providing flexibility to accommodate various types of technology transfers and commercial arrangements.
Suggested Sections

1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, brief description of the technology, and parties' intentions

3. Definitions: Detailed definitions of technical terms, defined terms, and key concepts used throughout the agreement

4. License Grant: Scope of the license, including territory, exclusivity/non-exclusivity, and permitted uses

5. License Fees and Payment Terms: Details of licensing fees, royalties, payment schedule, and payment methods

6. Intellectual Property Rights: Ownership of IP, protection measures, and handling of improvements or modifications

7. Confidentiality: Protection of confidential information, trade secrets, and technical know-how

8. Term and Termination: Duration of the agreement, renewal terms, and termination conditions

9. Warranties and Representations: Warranties regarding IP ownership, technology functionality, and non-infringement

10. Limitation of Liability: Limitations on liability and exclusions of certain types of damages

11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Technical Support and Maintenance: Include when ongoing technical support or maintenance services are part of the license

2. Training: Include when the licensor will provide training to licensee's personnel

3. Quality Control: Include when the licensed technology must meet specific quality standards or requirements

4. Source Code Escrow: Include for software licenses where source code access may be required under certain conditions

5. Hardware Requirements: Include when the technology requires specific hardware or equipment specifications

6. Data Protection: Include when the technology involves processing personal data

7. Export Control: Include when the technology is subject to export control regulations

8. Localization Requirements: Include when the technology needs to be adapted for local Malaysian market

9. Performance Metrics: Include when specific performance standards or SLAs are required

10. Audit Rights: Include when the licensor needs rights to audit the licensee's use of the technology

Suggested Schedules

1. Schedule 1 - Technical Specifications: Detailed technical specifications and functionality of the licensed technology

2. Schedule 2 - Licensed Patents and IP: List of specific patents, copyrights, and other IP covered by the license

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, royalties, and payment terms

4. Schedule 4 - Service Levels: Technical support and maintenance service levels, if applicable

5. Schedule 5 - Implementation Plan: Timeline and milestones for technology implementation

6. Schedule 6 - Approved Sub-licensees: List of approved sub-licensees if sub-licensing is permitted

7. Schedule 7 - Territory Definition: Detailed description of licensed territory and any restrictions

8. Appendix A - Testing and Acceptance Criteria: Criteria for acceptance testing of the technology

9. Appendix B - Security Requirements: Security standards and requirements for technology implementation

10. Appendix C - Training Program: Details of training programs and materials to be provided

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses









































Relevant Industries

Information Technology

Software Development

Manufacturing

Telecommunications

Biotechnology

Healthcare Technology

Financial Technology

Industrial Automation

Clean Technology

Electronics

Automotive

Aerospace

Research and Development

Education Technology

Digital Media

Relevant Teams

Legal

Intellectual Property

Technology Development

Research and Development

Commercial

Business Development

Information Technology

Operations

Compliance

Finance

Technical Support

Innovation

Relevant Roles

Chief Technology Officer

Head of Legal

Intellectual Property Manager

Technology Licensing Manager

Commercial Director

Chief Information Officer

Research and Development Director

Innovation Manager

Legal Counsel

Contracts Manager

Business Development Director

Chief Executive Officer

Technical Operations Manager

Compliance Officer

Patent Attorney

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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