Licensing Agreement

Table of Contents

1. How It Works
2. Licensor Information Inputs
   • Licensor Name
   • Licensor Address
   • Licensor Email
3. Licensee Information Inputs
   • Licensee Name
   • Licensee Address
   • Licensee Email
4. Agreement Configuration Inputs
   • Licensed Property Description
   • License Scope
   • License Territory
   • License Duration Start Date
   • License Duration End Date
   • Payment Terms (Royalties Percentage)
   • Payment Terms (Calculation Method)
   • Payment Terms (Payment Schedule)
   • Payment Terms (Maintenance Fee)
   • Payment Terms (Fee Frequency)
5. Legal Clauses Inputs
   • Use of Licensed Property
   • Ownership Rights
   • Confidentiality Terms
   • Indemnification Clause
   • Termination Conditions
   • Dispute Resolution Mechanism
   • Governing Law
   • Force Majeure Clause
6. Email and AI Configuration Inputs
   • Email Address for Delivery
   • Level of Creativity (AI Temperature)
   • Preferred Language
7. Support & Troubleshooting

 

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1. How It Works

• User Input: You provide licensor and licensee details, licensed property information, payment terms, and legal clauses.
• AI Processing: The AI generates a detailed licensing agreement based on the provided inputs.
• Delivery: The completed agreement is sent to the provided email address.

 

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2. Licensor Information Inputs

Licensor Name

• Enter the full legal name of the licensor (e.g., Tech Innovators Ltd.).

Licensor Address

• Provide the registered business address of the licensor (e.g., 456 Innovation Park, London, UK).

Licensor Email

• Provide the licensor’s email address for official correspondence (e.g., licensing@techinnovators.com).

 

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3. Licensee Information Inputs

Licensee Name

• Enter the full legal name of the licensee (e.g., Global Solutions Ltd.).

Licensee Address

• Provide the registered business address of the licensee (e.g., 789 Enterprise Road, Manchester, UK).

Licensee Email

• Provide the licensee’s email address for official correspondence (e.g., contact@globalsolutions.com).

 

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4. Agreement Configuration Inputs

Licensed Property Description

• Provide a description of the licensed intellectual property or service (e.g., The proprietary software platform 'InnoTrack' developed by Tech Innovators Ltd.).

License Scope

• Describe the scope of the license, including rights granted and limitations (e.g., Global Solutions Ltd. is granted non-exclusive rights to use the 'InnoTrack' software).

License Territory

• Specify the regions where the license is valid (e.g., United Kingdom and Europe).

License Duration Start Date

• Provide the start date of the license duration.

License Duration End Date

• Provide the end date of the license duration.

Payment Terms (Royalties Percentage)

• Specify the royalty percentage (e.g., 5% of gross revenue generated through the use of the licensed software).

Payment Terms (Calculation Method)

• Describe the method for calculating royalties (e.g., Royalties are calculated as 5% of the gross revenue generated directly from the use of the licensed software).

Payment Terms (Payment Schedule)

• Specify the payment schedule for royalties (e.g., Payments are made quarterly, due within 30 days after each quarter).

Payment Terms (Maintenance Fee)

• Specify any maintenance fees (e.g., Annual maintenance fee of £10,000 for software updates and technical support).

Payment Terms (Fee Frequency)

• Specify the frequency of payments (e.g., The maintenance fee is payable annually).

 

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5. Legal Clauses Inputs

Use of Licensed Property

• Describe the permitted uses of the licensed property (e.g., The licensee may use the 'InnoTrack' software solely for internal business operations).

Ownership Rights

• Clarify that the licensor retains ownership of the intellectual property (e.g., Tech Innovators Ltd. retains full ownership of the 'InnoTrack' software).

Confidentiality Terms

• Outline the confidentiality terms (e.g., Both parties agree to maintain confidentiality of proprietary information).

Indemnification Clause

• Specify the indemnification obligations (e.g., The licensee agrees to indemnify the licensor against any claims arising from the use of the licensed software).

Termination Conditions

• Provide the conditions under which the agreement may be terminated (e.g., Either party may terminate the agreement with 30 days' written notice).

Dispute Resolution Mechanism

• Specify the process for resolving disputes (e.g., Disputes will be resolved through arbitration under the laws of England and Wales).

Governing Law

• Provide the legal jurisdiction governing the agreement (e.g., This agreement is governed by the laws of England and Wales).

Force Majeure Clause

• Include the force majeure clause (e.g., Neither party shall be liable for delays caused by unforeseen events such as natural disasters).

 

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6. Email and AI Configuration Inputs

Email Address for Delivery

• Provide the email address where the agreement will be sent.

Level of Creativity (AI Temperature)

• Adjust the AI’s creativity level. Higher values yield more creative outputs, while lower values generate more predictable content.

Preferred Language

• Select the language in which the agreement will be generated (default: en-GB).

 

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7. Support & Troubleshooting

If you experience any issues or need assistance, please contact our support team at support@flytask.com. We’re here to help ensure your licensing agreement is generated accurately and delivered smoothly.