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License Terms documents are essential legal instruments used when one party wishes to grant another party the right to use specific intellectual property, software, content, or technology while retaining ownership. These terms are particularly crucial in the Malaysian business environment, where they must comply with local legislation including the Contracts Act 1950 and relevant intellectual property laws. License Terms typically include detailed provisions about usage rights, restrictions, payment terms, intellectual property protection, and termination conditions. They are commonly used in software distribution, content licensing, technology transfer, and various other commercial arrangements where intellectual property rights need to be protected while allowing controlled usage by third parties. The document serves as a crucial tool for businesses operating in Malaysia to protect their intellectual property while monetizing it through controlled distribution.
