Cross Licensing Agreements are essential tools in technology-intensive industries where companies hold complementary patent portfolios. Under Singapore law, these agreements facilitate technological collaboration while reducing patent litigation risks. They are particularly valuable when companies need access to each other's patents to develop or manufacture products, or when seeking to resolve patent disputes. The agreement typically covers patent rights, technical know-how, and may include provisions for future developments, making it crucial for businesses operating in Singapore's innovation-driven economy.
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1. Parties: Identification and details of the licensing parties
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being licensed by each party
5. Field of Use: Permitted applications and limitations of licensed IP
6. Term and Termination: Duration and conditions for ending the agreement
7. Royalties and Payments: Financial terms and payment obligations
8. Confidentiality: Protection of shared confidential information
1. Improvements: Rights to technological improvements - include when future developments are anticipated
2. Sub-licensing Rights: Rights to grant licenses to third parties - include when parties may need to involve third parties
3. Quality Control: Standards for using licensed technology - include when product quality is crucial
4. Export Restrictions: Territorial limitations on use - include when geographic restrictions apply
1. Schedule of Patents: List of patents being cross-licensed
2. Technical Specifications: Detailed technical requirements and standards
3. Royalty Calculations: Detailed methodology for calculating royalties
4. Approved Sub-licensees: Pre-approved third parties for sub-licensing
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Cross Licensing Agreement
A Singapore-law governed agreement enabling mutual licensing of intellectual property rights between two or more parties.
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