Document background
The License Rental Agreement is a specialized contract type used when an arrangement requires both licensing of rights and physical rental of assets or property. This document is particularly relevant in situations where the right to use (license) is intrinsically linked to physical possession (rental) of assets, equipment, or facilities. Common applications include technology hardware with embedded software, specialized industrial equipment, or facilities with proprietary operational systems. The agreement, governed by Belgian law, must comply with both Belgian Civil Code provisions regarding rentals and the Code of Economic Law's licensing requirements. It includes comprehensive terms covering grant of rights, usage conditions, maintenance responsibilities, payment structures, and termination provisions. This type of agreement is particularly important in protecting both the intellectual property rights of the licensor and the physical asset interests of all parties involved.
