This data license agreement template has 6 pages and is a MS Word file type listed under our finance & accounting documents.
Sample of our data license agreement template:
DATA LICENSE AGREEMENT This Data License Agreement (the "Agreement") is effective [DATE], BETWEEN: [LICENSOR NAME] (the "Licensor"), an individual/entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its principal place of business located at: [YOUR COMPLETE ADDRESS] AND: [LICENSEE NAME] (the "Licensee"), an individual/entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its principal place of business located at: [COMPLETE ADDRESS] WHEREAS, the Licensor owns and controls certain data as described in Schedule A (the "Data"), and WHEREAS, the Licensee desires to obtain, and the Licensor agrees to grant, a license to use the Data under the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties hereto agree as follows: GRANT OF LICENSE License Grant: The Licensor hereby grants to the Licensee an [exclusive/non-exclusive], [worldwide/territorial], royalty-bearing license to access, use, reproduce, modify, and distribute the Data, solely for the following purposes: [DESCRIBE PURPOSES, e.g., internal business purposes, research, commercial use]. Sublicensing: The Licensee [may/may not] sublicense the rights granted under this Agreement to third parties without the prior written consent of the Licensor. TERM AND TERMINATION 2.1 Term: This Agreement shall commence on [START DATE] and continue for a period of [NUMBER OF YEARS/MONTHS] years/months, unless terminated earlier in accordance with the terms of this Agreement. 2.2 Termination for Cause: Either Party may terminate this Agreement immediately if the other Party breaches any material obligation under this Agreement and fails to cure such breach within [NUMBER OF DAYS] days of receiving written notice of the breach. 2.3 Effect of Termination: Upon termination of this Agreement, the Licensee shall cease all use of the Data and shall promptly return or destroy any copies of the Data in its possession, except as otherwise agreed in writing by the Licensor. Any sublicenses granted by the Licensee prior to termination shall survive termination, subject to the terms of this Agreement. FEES AND PAYMENT 3.1 License Fee: The Licensee agrees to pay the Licensor a one-time license fee of [AMOUNT] upon execution of this Agreement. 3.2 Royalties: In addition to the license fee, the Licensee agrees to pay the Licensor a royalty of [PERCENTAGE]% of gross revenue generated from the Licensee's use of the Data. Royalties shall be payable on a [monthly/quarterly] basis, with payments due within [NUMBER OF DAYS] days following the end of each period. 3.3 Audit Rights: The Licensor shall have the right to audit the Licensee's records to ensure the accuracy of royalty payments. The Licensee agrees to provide reasonable access to its financial records for such audit purposes upon [NUMBER OF DAYS] days' written notice. INTELLECTUAL PROPERTY RIGHTS 4.1 Ownership of Data: The Licensor retains all right, title, and interest in and to the Data, including all intellectual property rights. This Agreement does not transfer ownership of the Data to the Licensee. 4.2 Data Modifications: The Licensee may modify the Data only to the extent necessary to perform the licensed activities. The Licensee shall notify the Licensor of any material modifications to the Data. The Licensor retains the right to review and approve any modifications to the Data prior to its use or distribution. WARRANTIES AND REPRESENTATIONS 5.1 Licensor's Warranty: The Licensor represents and warrants that it has the full legal right to grant the license herein and that the Data provided does not infringe any intellectual property rights of third parties. The Licensor agrees to indemnify and hold the Licensee harmless from any claims arising from third-party rights related to the Data. 5
