It is a legal document between a writer and the publisher on the payment of royalties for the publication of the written book. This agreement includes the title, assignment, transfer or sale of all copyrights. Many licensing agreements also attempt to give one party the right to terminate the other party directly in the event of bankruptcy or insolvency. However, the effects of bankruptcy or bankruptcy on the termination of intellectual property rights (including licensing rights) constitute an adversarial legal space. The termination cannot be enforceable in all cases; A notice period may be requested by a licensee or his agent in order to maintain his activities. Such provisions should be viewed with some suspicion and carefully crafted when applicability is essential. India has double taxation agreements with some countries. No no. There are no such legal restrictions. As an owner or licensee, the licensee has the right to set the terms of a licensing agreement.
However, these restrictions or conditions should not be illegal or contrary to a law in india or contrary to the law. As a general rule, the licensing agreement includes provisions relating to the bankruptcy of one of the parties. In India, the termination clause of a licence agreement contains provisions for termination of the contract after the bankruptcy of one of the parties. Therefore, at the time of negotiations and the conclusion of a licensing agreement, the licensee must ensure that his rights and interests are protected in the event of the licensee`s bankruptcy. If you are considering granting your intellectual property or becoming a licensee, you must be familiar with licensing agreements. A company`s licensing agreement is a central element of any licensing agreement and ensures that both parties are properly compensated for their contributions. In this article, we explain what a licensing agreement is and give you an example of when it could be used. At the end of this page, you can download a license agreement so you can see an example of what is included in a license agreement and how it is designed.
It is desirable for the licensee to protect its know-how, including trademarks, trade secrets and other protected information, by entering into a confidentiality agreement or declaration of intent with the potential licensee. In developing such agreements, it is essential to ensure their applicability under Indian contract law and relevant intellectual property laws and to ensure their impermeability. It may also be advisable to enter into such agreements with employees and other third parties or advisers of the licensee who may run into protected information. Authors, composers, writers, composers, inventors and others who manufacture intellectual property and creative works generally hold the rights to their work through copyright or trademarks. Often, these intellectual property owners turn to companies to market their property. In addition, companies often require using creators` intellectual property to integrate it into their own products, which they then use to make a profit. When a company obtains the right to market these creations, the creator usually receives compensation in the form of a royalty.