Document background
The Revocable License agreement is a vital legal instrument used when one party (the licensor) wishes to grant another party (the licensee) certain rights while maintaining the ability to withdraw these rights under specified conditions. This document is particularly relevant in situations involving intellectual property licensing, technology transfer, software use, or asset utilization where the licensor needs to maintain ultimate control. Governed by Danish law, the agreement incorporates essential elements of Danish contract law, intellectual property legislation, and relevant regulatory requirements. It is commonly used in commercial relationships where flexibility and control are paramount, such as trial periods, temporary authorizations, or strategic partnerships where the licensor needs to retain the power to terminate the arrangement.
