Document background
A Short Term License Agreement is utilized when one party (licensor) wishes to grant another party (licensee) temporary rights to use specific property or assets for a limited duration, typically less than one year. Under Singapore law, this agreement type provides a flexible framework for temporary licensing arrangements while ensuring proper protection of intellectual property rights and compliance with local regulations. The document incorporates essential elements such as license scope, payment terms, usage restrictions, and termination provisions, tailored to meet the specific requirements of short-term commercial relationships in Singapore's business environment.
