Document background
The License Option Agreement is a crucial document in intellectual property transactions under Danish law, typically used when parties need a period to evaluate the commercial potential of intellectual property before committing to a full license agreement. This document is particularly relevant in scenarios involving technology transfer, research commercialization, or strategic business partnerships. It provides the option holder with the exclusive or non-exclusive right to license specific intellectual property within a defined timeframe, often including provisions for due diligence, evaluation periods, and potential development work. The agreement must comply with Danish contract law, intellectual property regulations, and competition law requirements while protecting both parties' interests during the option period.
