Document background
The Limited Use License Agreement is essential for businesses and individuals operating in Saudi Arabia who wish to grant or receive limited rights to use protected intellectual property, software, or technology. This document is particularly crucial in the Saudi Arabian context, where compliance with both commercial law and Shariah principles is mandatory. The agreement carefully balances the interests of licensors and licensees while ensuring adherence to local regulations, including the Civil Transactions Law, Copyright Law, and E-Commerce Law. It typically includes detailed provisions on usage restrictions, territory limitations, payment terms, and compliance requirements specific to the Saudi market. This type of agreement is commonly used when companies want to maintain control over their intellectual property while allowing others to use it under specific conditions and limitations.
