Intra-group intellectual property licence

The following IP precedent provides comprehensive and up to date legal information covering:

  • Intra-group intellectual property licence
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement
  • 3 Duration
  • 4 Grant of licence
  • 5 Use of the Licensed IPR
  • 6 Fees and expenses
  • 7 Costs
  • 8 Taxes and duties
  • More...

Intra-group intellectual property licence

This Licence is made on [insert date] (Commencement Date):

Parties

  1. 1

    [insert licensor name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert address] (the Licensor); and

  1. 2

    [insert licensee name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert address] (the Licensee)

(each of the Licensor and the Licensee being a party and together the Licensor and the Licensee are the parties).

Background

    1. (A)

      [Explain relationship between the Licensor and the Licensee.]

    1. (B)

      [The Licensor has entered into an agreement with the Licensee [dated [insert date]] (Main Agreement) for [insert other description of relevant transaction (referencing any relevant related agreements)] (‘Transaction’).]

    1. (C)

      The Licensor has agreed to license, and the Licensee has agreed to take a licence of certain intellectual property rights that the Licensee wishes to use or take the benefit of on the terms of this Licence.

    1. (D)

      [This Licence is conditional upon [the Main Agreement being entered into between the parties on or before the date of this Licence].]

    1. (E)

      [Insert other recitals as appropriate]

Licence terms

AGREEMENT:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Licence:

        [Business

        1. means the [insert description] business owned by the Licensor, which is being [insert description of how business is being dealt with] in the Transaction;]

        Business Day

        1. means a day, other than a

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