¶¶Òõ¶ÌÊÓƵ

The License To Use Agreement is a crucial legal instrument in the Indian business landscape, designed to facilitate the authorized use of proprietary assets while maintaining the owner's fundamental rights. This document is essential when one party (licensor) wishes to permit another party (licensee) to use their intellectual property, software, content, or other protected materials under specific terms and conditions. The agreement must comply with Indian legal requirements, including the Indian Contract Act 1872, Copyright Act 1957, and other relevant intellectual property laws. The License To Use Agreement typically includes detailed provisions on usage scope, territory restrictions, payment terms, quality control measures, and termination conditions. It serves as a vital tool for businesses expanding their market reach while maintaining control over their intellectual property assets.

1. Parties: Identifies and provides full details of the licensor and licensee, including registered addresses and company registration numbers

2. Background: Explains the context of the agreement, ownership of the licensed material, and purpose of the license

3. Definitions: Defines key terms used throughout the agreement for clarity and precision

4. Grant of License: Specifies the exact nature and scope of the license being granted, including any territorial or usage limitations

5. License Fees and Payment Terms: Details the financial terms, payment schedule, and any recurring fees or royalties

6. Licensee Obligations: Sets out the responsibilities and restrictions on the licensee's use of the licensed material

7. Intellectual Property Rights: Confirms the licensor's ownership and protects their IP rights

8. Warranties and Representations: Contains warranties from both parties, including licensor's right to grant the license

9. Term and Termination: Specifies duration of the license and circumstances for termination

10. Confidentiality: Protects confidential information exchanged during the license period

11. Indemnification: Outlines mutual or unilateral indemnification obligations

12. Limitation of Liability: Sets boundaries on parties' liability under the agreement

13. Governing Law and Jurisdiction: Specifies Indian law as governing law and sets jurisdiction for disputes

14. General Provisions: Includes standard boilerplate clauses like notices, assignment, and force majeure

15. Execution: Signature blocks and execution formalities