Document background
A License Agreement is a crucial legal instrument used when one party wishes to grant another party the right to use their intellectual property, technology, or proprietary rights while maintaining ownership. Under Philippine law, these agreements must comply with the Intellectual Property Code (RA 8293) and the Technology Transfer Act (RA 10055) when applicable. The document typically includes detailed provisions on the scope of rights granted, territorial limitations, payment terms, quality control measures, and compliance requirements. It's particularly important in the Philippine context to address technology transfer regulations, local competition laws, and specific IP protection mechanisms. The agreement should clearly define the rights and obligations of both parties while ensuring compliance with Philippine regulatory requirements, including those set by the Intellectual Property Office of the Philippines (IPOPHL).
