Common Contracts
1 similar License Agreement contracts
LICENSE AGREEMENTLicense Agreement • July 3rd, 2017
License Agreement falls within the obligatory contracts called double - binding and freight contracts, commutative contracts, contracts with lasting benefits distributed, con- tracts are concluded intuitu personae, formal contracts. The written form of these contracts is a very important characteristic; further, Foreign Trade Law introduced a special form, the so-called solemn form of this contract, which consists in the registration of the contract with the competent administrative authority. Basic economic and legal significance of such a contract is that it provides the possibility of another person is really someone else’s use of the intangible asset. Economic importance of the license agreement reflected in the possibility: that the owner of the rights that the subject of the license agreement, may derive material benefit from his rights, allowing the use of the right to pay a license fee to the owner of the rights, as a licensee, transfers to the licensee the right , exploiting t
