Licensing Agreement

(3 customer reviews)

Licensing Agreement

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7,999.00

Product price: 7,999.00
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Licensing Agreement

(3 customer reviews)

Licensing Agreement Overview

A licensing agreement is a formalized written contract between two parties: the licensor, who owns the property, and the licensee, who is granted permission to use that property under defined terms and conditions.

This agreement encompasses a broad spectrum of intellectual property rights, including but not limited to music, design, artwork, photographs, videos, and sounds.

Various types of licenses can be established, ranging from exclusive to non-exclusive, with potential restrictions on geographical scope or transferability. The licensor retains the prerogative to determine the specific terms of the license granted to the licensee.

Elements of Licensing Agreement

Key Components of a Comprehensive Licensing Agreement:

  1. Description of Licensed Subject Matter
  2. License Duration
  3. Payment Structure
  4. Royalty Payment Provisions
  5. Exclusive or Non-Exclusive License Designation
  6. Geographic Scope of Usage
  7. Indemnification Arrangements
  8. Termination Conditions
  9. Severability Clause
  10. Waiver Provisions
  11. Additional Legal Clauses

 

Legal Framework for Licensing Agreements in India

Laws Governing Different Aspects of Licensing Agreements in India:

  1. The Indian Contract Act, 1872
  2. Copyright Act, 1957
  3. Trade Marks Act, 1999
  4. Design Act, 2000
  5. Patents Act, 1970
  6. Competition Act, 2002
  7. Stamp Duty Act (Applicable to Specific States)

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Licensing Agreement

(3 customer reviews)

A licensing agreement is a formal, legally binding contract between two parties, where the owner grants permission to another party to utilize their brand, patent, or trademarks. This document outlines the specifics of the licensing arrangement, including the type of license, usage terms, and the compensation structure for the licensor.

Licensing Agreement Overview

A licensing agreement is a formalized written contract between two parties: the licensor, who owns the property, and the licensee, who is granted permission to use that property under defined terms and conditions.

This agreement encompasses a broad spectrum of intellectual property rights, including but not limited to music, design, artwork, photographs, videos, and sounds.

Various types of licenses can be established, ranging from exclusive to non-exclusive, with potential restrictions on geographical scope or transferability. The licensor retains the prerogative to determine the specific terms of the license granted to the licensee.

Elements of Licensing Agreement

Key Components of a Comprehensive Licensing Agreement:

  1. Description of Licensed Subject Matter
  2. License Duration
  3. Payment Structure
  4. Royalty Payment Provisions
  5. Exclusive or Non-Exclusive License Designation
  6. Geographic Scope of Usage
  7. Indemnification Arrangements
  8. Termination Conditions
  9. Severability Clause
  10. Waiver Provisions
  11. Additional Legal Clauses

 

Legal Framework for Licensing Agreements in India

Laws Governing Different Aspects of Licensing Agreements in India:

  1. The Indian Contract Act, 1872
  2. Copyright Act, 1957
  3. Trade Marks Act, 1999
  4. Design Act, 2000
  5. Patents Act, 1970
  6. Competition Act, 2002
  7. Stamp Duty Act (Applicable to Specific States)

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