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Limited Use Agreements are essential tools for businesses in Malaysia seeking to grant controlled access to their proprietary assets while maintaining ownership and control. This document type is commonly used when organizations need to license software, technology, intellectual property, or other assets while imposing specific restrictions on their use. The Limited Use Agreement includes crucial elements such as scope of permitted use, territorial restrictions, payment terms, and compliance requirements, all aligned with Malaysian legal framework including the Contracts Act 1950, Copyright Act 1987, and Personal Data Protection Act 2010. It serves as a vital instrument for protecting intellectual property rights while enabling commercial exploitation through carefully controlled licensing arrangements.
