Document background
The Irrevocable License agreement is utilized when parties seek to establish a permanent and unretractable right to use specific intellectual property or protected materials. This document is particularly relevant in situations requiring long-term certainty and stability in licensing relationships, such as technology transfers, software licensing, or patent utilization. Under Austrian law, this agreement type provides robust protection for both licensors and licensees, ensuring that the granted rights cannot be arbitrarily withdrawn. The agreement includes comprehensive terms covering usage rights, payment structures, warranties, and compliance with Austrian legal requirements. It is commonly used in corporate transactions, technology transfers, and strategic partnerships where perpetual rights are essential for business operations or significant investments.
