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Gives the licensor the right to inspect the licensee’s records to verify compliance with the agreement.

Defines the geographic area where the licensee can exercise their rights.

Covers the rights to transfer the agreement or rights under the agreement to another party.

Addresses the licensee's ability to grant further licenses to third parties.

Outlines how and when the licensing agreement can be terminated by either party.

Defines how sales are calculated for the purpose of determining royalty payments.

Frees both parties from liability or obligation when an extraordinary event beyond control of parties occurs.

Defines the scope, field of use, and duration of the rights granted to the licensee.

Requires that certain information disclosed during the agreement is kept secret.

Outlines the responsibilities to maintain registrations, renewals, and other administrative aspects of the IP.

Details payment terms the licensee must make to the licensor, often based on sales.

Details how the agreement can be modified and under what conditions.

Clarifies that the licensor retains ownership of the IP.

Identifies which jurisdiction's law will govern the agreement.

Obligates the licensee to maintain certain quality standards for the licensed product or service.

Stipulates which party owns enhancements or modifications to the IP.

Specifies how disputes arising from the agreement will be resolved.

Defines who has the responsibility and authority to enforce the IP rights against third-party infringement.

Obligates one party to compensate the other for certain costs and damages.