Business License Agreement Definition

Technology Transfer License Agreement for Technology Development in Indonesia, Mochtar, D. A. (2016). The Social Sciences, 11(24), 5958-5962. This paper discusses technology and how it has contributed positively to a country`s economic benefits by improving living standards, human dignity and civilization. The author used Indonesia as a case study. The author informs us that each country has its own agreement on technology transfer, which depends on its technological progress. Technology transfer should focus on a country`s economic benefits in order to avoid cases where some countries are still not developed despite technological advances. The main concern should be the technology transfer licensing agreement between the technology provider and the final beneficiary. The license agreement should contain a language dealing with the issue of property disputes.

What happens, for example, if someone challenges ownership of a trademark you have licensed? Or if someone plagiarized the copyrighted work, which is licensed? Both parties to the licensing agreement should agree on how to deal with these issues. The licensing agreement allowed Starbucks to increase brand awareness outside of its North American operations through Nestlé`s distribution channels. For Nestlé, the company had access to Starbucks products and a strong brand imageBrand EquityIn marketing, brand value refers to the value of a brand and is determined by the consumer`s perception of the brand. Brand value can be positive or positive. Sub-arrangements. As part of the license agreement, there may be sub-agreements, as with other types of contracts. For example, the licensor may require a confidentiality agreement to prevent the licensee from passing on proprietary product features or processes to others. The licensee may require the licensor to sign a non-compete clause in order to prevent the licensor from breaking the agreement by allowing someone else to sell the product in the licensee`s exclusive territory. Should we stick to it? Libraries should push the license agreement envelope, Hoek, D.

J. (2011). American libraries, 42, 21 years old. This article deals with whether the parties to the license agreement must comply with and abide by the rules if they comply with such a contract. In addition, the author explains how libraries can contribute to the license agreement by creating the contract. that are distributed to someone to operate a business using a common brand, a common operating support system, and the payment of upfront and/or on-the-going fees. Perform your due diligence before the agreement. Both parties should conduct a thorough review of the other party. Check trade credits and management resumes.

Ask for financial statements. Visit the offices and production sites of the other company. Everything you need. Licensing often includes intellectual property rights such as trademarks, copyrights or patents. Digital assets like apps and brands are often licensed. In addition to the detailed presentation of all parties involved, licensing agreements define in detail how licensed parties can use features, including the following parameters: due to the legal basis they must cover, some licensing agreements are quite long and complex. But most of these agreements cover the same fundamental points. These include the scope of the agreement, including exclusivity or territorial restrictions; financial aspects, including necessary advances, royalties and the calculation of royalties; guarantees for minimum sales; calendars with “to market” dates, contract duration and renewal options; the rights of the lessor to monitoring and quality control, including the procedures to be followed; the minimum stocks to be maintained; and returns and allocations. . . .

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